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Individual employment contracts

Individual employment contracts
Individual employment contracts
This chapter reviews recent developments in the study of individual employment contracts. It discusses three reasons for an employer and an employee to have a contract: (i) to allocate risk in a way different from a spot market; (2) to enhance the efficiency of investment decisions by protecting the return on investments made by one party from being captured by the other; and (3) to motivate the employee by making compensation depend on performance. The main emphasis is on issues that arise from the problems of enforcing contracts in practice and from renegotiation by mutual agreement.
9804
University of Southampton
Malcomson, J.
246a6ed0-fbad-431c-967c-2358995073f2
Malcomson, J.
246a6ed0-fbad-431c-967c-2358995073f2

Malcomson, J. (1998) Individual employment contracts (Discussion Papers in Economics and Econometrics, 9804) Southampton, UK. University of Southampton

Record type: Monograph (Discussion Paper)

Abstract

This chapter reviews recent developments in the study of individual employment contracts. It discusses three reasons for an employer and an employee to have a contract: (i) to allocate risk in a way different from a spot market; (2) to enhance the efficiency of investment decisions by protecting the return on investments made by one party from being captured by the other; and (3) to motivate the employee by making compensation depend on performance. The main emphasis is on issues that arise from the problems of enforcing contracts in practice and from renegotiation by mutual agreement.

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Published date: January 1998
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Local EPrints ID: 33158
URI: http://eprints.soton.ac.uk/id/eprint/33158
PURE UUID: 0924e621-9630-457d-89c6-b64f09364bad

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Date deposited: 05 Feb 2008
Last modified: 11 Dec 2021 15:19

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Author: J. Malcomson

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