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

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  • 1 January 2023
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      • Published in RePEc
Abstract
"Implicit Contracts, incentive compatibility, and involuntary unemployment" (MacLeod and Malcomson, 1989) remains our most highly cited work. 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.
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