Design of firm‐specific training in an agency relationship: Who should take the initiative?
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DOI: 10.1002/mde.2986
Abstract: This paper considers the twofold problem of compensation contracting and the design of a human capital investment scheme. Before contracting, the principal and the agent can engage in a joint stochastic production process of exerting… read more here.
Keywords: specific training; firm; training agency; firm specific ... See more keywords