Dynamic Incentive Contracts in Multiple Penalty Systems with No-commitment to Tenure-track Auditing
Dynamic Incentive Contracts in Multiple Penalty Systems with No-commitment to Tenure-track Auditing
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Wien: Springer-Verlag
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English
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Wien: Springer-Verlag
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This paper generalizes Khalil's (1997) static model to a multiperiod one in the tenure-track auditing. Three penalty systems considered are full-transferdependent, partial-transfer-dependent, and transfer-independent ones. It is found that the equilibrium under the tenure-track auditing is also an equilibrium under the periodic auditing. The condit...
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Dynamic Incentive Contracts in Multiple Penalty Systems with No-commitment to Tenure-track Auditing
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TN_cdi_proquest_miscellaneous_36646352
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https://devfeature-collection.sl.nsw.gov.au/record/TN_cdi_proquest_miscellaneous_36646352
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ISSN
0931-8658
E-ISSN
1617-7134
DOI
10.1007/s00712-006-0241-3