Punish Underperformance with Suspension: Optimal Dynamic Contracts in the Presence of Switching Cost

P Cao, P Sun, F Tian - Management Science, 2024 - pubsonline.informs.org
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 …

[PDF][PDF] Dynamic moral hazard with adverse selection–probation, sign-on bonus and delayed payment

F Tian, F Zhang, P Sun, I Duenyas - 2023 - people.duke.edu
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 …

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 …

Dynamic contract design in the presence of double moral hazard

F Tian, E Astashkina, I Duenyas - Management Science, 2024 - pubsonline.informs.org
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 …

Dynamic Incentives in Service Contracting

X Sun, X Zhu - 2024 - ise.ufl.edu
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 …

[PDF][PDF] Punish underperformance with resting—Optimal dynamic contracts in the presence of switching cost

P Cao, P Sun, F Tian - 2020 - people.duke.edu
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 …

[PDF][PDF] Dynamic Moral Hazard with Adverse Selection

F Tian, F Zhang, P Sun, I Duenyas - 2021 - people.duke.edu
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 …