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The economics of information and piecewise linear limited liability profit sharing contracts
This thesis makes a theoretical contribution to the design of profit-sharing contracts which maximise the surplus a principal extracts from an agency relationship, whereby a pay floor limits the liability of an agent in low profit states, and information is either unilaterally or bilaterally asymmet...
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Format: | Default Thesis |
Published: |
2000
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Online Access: | https://hdl.handle.net/2134/27586 |
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