English, Article, Journal or magazine article edition: Complexity, Contract and the Employment Relationship W. Bentley MacLeod

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Bookmark: http://trove.nla.gov.au/version/74112
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Complexity, Contract and the Employment Relationship
Author
  • W. Bentley MacLeod
Physical Description
  • preprint
Notes
  • This paper introduces a model of contract incompleteness and bounded rationality based on the multi-tasking model of Holmstrom and Milgrom (1991). It is shown that the trade-off between the use of an employment relationship versus and explicit state contingent contract depends on number of tasks or complexity of the services provided by the individual.
  • RePEc:boc:bocoec:342
Language
  • English
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