Johannes Gerd Becker

ZHAW School of Management and Law

St.-Georgen-Platz 2

Winterthur, 8401

Switzerland

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A Theory of Threshold Contracts

CEPR Discussion Paper No. DP11766
Number of pages: 68 Posted: 17 Jan 2017
Johannes Gerd Becker and Hans Gersbach
ZHAW School of Management and Law and ETH Zurich - CER-ETH -Center of Economic Research
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Abstract:

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asymmetric information, commitment., principal-agent model, reappointment, repeated game, stationary Markovian strategies, threshold contracts, threshold strategies