Punish Underperformance with Suspension: Optimal Dynamic Contracts in the Presence of Switching Cost
This paper studies a dynamic principal–agent setting in which the principal needs to
dynamically schedule an agent to work or be suspended. When the agent is directed to work …
dynamically schedule an agent to work or be suspended. When the agent is directed to work …
[PDF][PDF] Dynamic moral hazard with adverse selection–probation, sign-on bonus and delayed payment
We study dynamic contracts that incentivize an agent to exert effort to increase the arrival
rate of a Poisson process, where both the effort cost and the effort level at any time are the …
rate of a Poisson process, where both the effort cost and the effort level at any time are the …
Navigating Exogenous Shocks: Optimal Dynamic Contracts under Job Destruction and Outside Options
Z Zhao, F Tian, F Zhang - The Lancet, 2024 - papers.ssrn.com
We study a dynamic contract design problem under the risks of external shocks, including
job destruction and outside options. In our model, a principal hires an agent to increase …
job destruction and outside options. In our model, a principal hires an agent to increase …
Dynamic contract design in the presence of double moral hazard
We consider a stylized incentive management problem over an infinite time horizon, where
the principal hires an agent to provide services to customers. Customers request service in …
the principal hires an agent to provide services to customers. Customers request service in …
Dynamic Incentives in Service Contracting
This paper concerns the design of a performance-based compensation scheme (or a
“contract”) for a company that outsources customer service to a third-party service provider …
“contract”) for a company that outsources customer service to a third-party service provider …
[PDF][PDF] Punish underperformance with resting—Optimal dynamic contracts in the presence of switching cost
This paper studies a dynamic principal-agent setting in which the principal needs to
dynamically schedule an agent to work or rest. When the agent is motivated to work, the …
dynamically schedule an agent to work or rest. When the agent is motivated to work, the …
[PDF][PDF] Dynamic Moral Hazard with Adverse Selection
We study dynamic contracts that incentivize an agent to exert effort to increase the arrival
rate of a Poisson arrival (breakthrough), where both the effort cost and the effort level at any …
rate of a Poisson arrival (breakthrough), where both the effort cost and the effort level at any …