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Cover of: Implicit Contracts, Incentive Compatibility, and Involuntary Unemployment: Thirty Years On
W. Bentley MacLeod, James M. Malcomson

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

Section: Articles
Volume 179 (2023) / Issue 3, pp. 470-499 (30)
Published 30.11.2023
DOI 10.1628/jite-2023-0040
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  • 10.1628/jite-2023-0040
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Summary
»Implicit Contracts, Incentive Compatibility, and Involuntary Unemployment« (MacLeod and Malcomson, 1989) remains our most highly citedwork.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.