Optimal contracts

E. B. Lin; M. Y. Chou

doi:10.1016/0893-9659(90)90016-5

Optimal contracts

E. B. Lin, M. Y. Chou

Mathematics

Research output: Contribution to journal › Article › peer-review

1 Scopus citations

Abstract

The model is proposed by incorporating incomplete capital markets into the conventional implicit labor contract model. The optimal contracts and the effects of firm's financial decisions on it's employment level are derived by maximum principle.

Original language	English
Pages (from-to)	65-68
Number of pages	4
Journal	Applied Mathematics Letters
Volume	3
Issue number	2
DOIs	https://doi.org/10.1016/0893-9659(90)90016-5
State	Published - 1990

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Optimal contracts

Abstract

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