| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP4522 |
| DP4522 Technology Shocks and Aggregate Fluctuations: How Well Does the RBC Model Fit Post-War US Data? | |
| Jordi Gali; Pau Rabanal | |
| 发表日期 | 2004-08-23 |
| 出版年 | 2004 |
| 语种 | 英语 |
| 摘要 | Under contingent fees the attorney gets a share of the judgement; under conditional fees the lawyer gets an upscale premium if the case is won which is, however, unrelated to the adjudicated amount. We compare conditional and contingent fees in a principal-agent framework where the lawyer chooses unobservable effort after they have observed the amount at stake. Contingent fees provide better incentives than conditional fees independently of whether upfront payments are restricted to be non-negative or not. Under contingent fees the attorney uses their information about what is at stake more efficiently. |
| 主题 | Industrial Organization |
| 关键词 | Contingent fees Conditional fees Moral hazard Incentives |
| URL | https://cepr.org/publications/dp4522 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/533467 |
| 推荐引用方式 GB/T 7714 | Jordi Gali,Pau Rabanal. DP4522 Technology Shocks and Aggregate Fluctuations: How Well Does the RBC Model Fit Post-War US Data?. 2004. |
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