Repeated moral hazard and contracts with memory: A laboratory experiment

Patrick Schmitz and Petra Nieken

No 8241, CEPR Discussion Papers from Centre for Economic Policy Research

Abstract: This paper reports data from a laboratory experiment on two-period moral hazard problems. The findings corroborate the contract-theoretic insight that even though the periods are technologically unrelated, due to incentive considerations principals may prefer to offer contracts with memory.

Keywords: Laboratory experiment; Repeated moral hazard; Sequential hidden actions (search for similar items in EconPapers)
JEL-codes: D82 J33 (search for similar items in EconPapers)
Date: 2011-02
New Economics Papers: this item is included in nep-cbe, nep-cta, nep-exp and nep-mic
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Citations: View citations in EconPapers (1)

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Related works:
Journal Article: Repeated moral hazard and contracts with memory: A laboratory experiment (2012)
Working Paper: Repeated moral hazard and contracts with memory: A laboratory experiment (2012)
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