Contracts with Social Multipliers
نویسندگان
چکیده
منابع مشابه
Contracts with Social Multipliers
We develop a model of contracting in which individual effort choices are subject to social pressure to conform to the average effort level of others in the same risk‐sharing group. As in related models of social interactions, a change in exogenous variables or contract terms generates a social multiplier. In this environment, small differences in fundamentals such as skill or effort cost can le...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2005
ISSN: 1556-5068
DOI: 10.2139/ssrn.871212