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dc.contributor.authorPrat, Julien-
dc.date.accessioned2015-11-23T09:22:16Z-
dc.date.available2015-11-23T09:22:16Z-
dc.date.issued2014-08-22-
dc.identifierdoi: 10.1007/s11579-014-0120-6-
dc.identifierissn: 1862-9660-
dc.identifier.citationMathematics and Financial Economics 9(3): 169-193 (2015)-
dc.identifier.urihttp://hdl.handle.net/10261/125447-
dc.description.abstract© 2014, Springer-Verlag Berlin Heidelberg. This paper studies the design of optimal contracts in dynamic environments where agents learn by doing. We derive a condition under which contracts are fully incentive compatible. A closed-form solution is obtained when agents have CARA utility. It shows that human capital accumulation strengthens the power of incentives and allows the principal to provide the agent with better insurance against transitory risks.-
dc.publisherSpringer Nature-
dc.rightsclosedAccess-
dc.subjectDynamic incentives-
dc.subjectHuman capital-
dc.subjectMoral hazard-
dc.subjectPrincipal agent model-
dc.titleDynamic contracts and learning by doing-
dc.typeartículo-
dc.identifier.doi10.1007/s11579-014-0120-6-
dc.relation.publisherversionhttp://dx.doi.org/10.1007/s11579-014-0120-6-
dc.date.updated2015-11-23T09:22:16Z-
dc.description.versionPeer Reviewed-
dc.language.rfc3066eng-
dc.relation.csic-
dc.type.coarhttp://purl.org/coar/resource_type/c_6501es_ES
item.cerifentitytypePublications-
item.openairecristypehttp://purl.org/coar/resource_type/c_18cf-
item.grantfulltextnone-
item.openairetypeartículo-
item.fulltextNo Fulltext-
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