Optimal contracts

E. B. Lin, M. Y. Chou

Research output: Contribution to journalArticlepeer-review

1 Scopus citations


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 languageEnglish
Pages (from-to)65-68
Number of pages4
JournalApplied Mathematics Letters
Issue number2
StatePublished - 1990


Dive into the research topics of 'Optimal contracts'. Together they form a unique fingerprint.

Cite this