Non-cash compensation with production externalities and agency problems related to an agent's consumption choice
This paper considers remuneration in terms of a good that helps improve or facilitate production in an agency paradigm. In the presence of this production externality, agency problems arise when the agent has an access to an external market for the good or has private, pre-contract information about...
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| Format: | Journal Article |
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Elsevier Ltd
2012
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| Online Access: | http://hdl.handle.net/20.500.11937/33686 |