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econ.TH2024
Robust Regulation of Labour Contracts
Théo Durandard, Alexis Ghersengorin
We study the robust regulation of contracts in moral hazard problems. A firm offers a contract to incentivise a worker protected by limited liability. A regulator restricts the set…
econ.TH2024
Comparative Statics for Optimal Stopping Problems in Nonstationary Environments
Théo Durandard, Matteo Camboni
How do decisions change with the economic environment and with time? This paper studies general nonstationary stopping problems and provides the methodological tools to answer thes…