Economics

Implicit Contracts, Incentive Compatibility, and Involuntary Unemployment: Thirty Years On

W. Bentley MacLeod, James M. Malcomson

Implicit Contracts, Incentive Compatibility, and Involuntary Unemployment: Thirty Years On

Section: Articles
Journal of Institutional and Theoretical Economics (JITE)

Volume 179 (2023) / Issue 3-4, pp. 470-499 (30)
Published 30.11.2023

30,00 € including VAT

article PDF

DOI: 10.1628/jite-2023-0040

»Implicit Contracts, Incentive Compatibility, and Involuntary Unemployment« (MacLeod and Malcomson, 1989) remains our most highly citedwork.We briefly review the development of this paper and of our subsequent related work, and conclude with reflections on the future of relational contract theory and practice.

Authors/Editors

W. Bentley MacLeod No current data available.

James M. Malcomson No current data available.

Keywords

Incentives , informal enforcement , informalenforcement , legal enforcement , legalenforcement , Private Information , privateinformation , relational contracts , relationalcontracts

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