Testing Contract Theory: A Survey of Some Recent Work
By Pierre-Andre Chiappori, Bernard Salanié. Social Science Research Network, 2002
455 citations recorded by the source corpus.
While the theoretical literature on contracts has been enormous since the seventies, empirical tests of the theory have long remained scarce. However, new empirical work has been developed in the last ten years that sheds light on the empirical validation of the theory. This paper aims at surveying the recent empirical work on contracts. The focus throughout is on the need to properly account for unobserved heterogeneity.
Subfields: Economics and Econometrics, Management Science and Operations Research
View Paper: https://www.semanticscholar.org/paper/a10b9e25a70895ec7724abe452b1d09bf67852b0
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In Economics and Econometrics
- David T. Robinson
- P. Koning
- Robin Stonecash
- Paul H. Jensen
- Toby E. Stuart
- Bruce Shearer
- Mårten Palme
- Andrew F. Newman
In Management Science and Operations Research
- Robin Stonecash
- Paul H. Jensen
- Toby E. Stuart
- Bruce Shearer
- Carolyn J. Heinrich
- Hisaki Kono
- Seiro Ito
Citations in the corpus
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- Access to capital in rural Thailand: an estimated model of formal versus informal credit (2005, unknown): “Hence, the data does not support the “syndication” argument developed in Jain (1999) and Conning (1996, 1998). Although the data reject that the fixed cost of formal credit is uniform across households, the estimation reveals that this cost is nevertheless relatively small. The transaction costs of ”
- Beauty is aB east, Frog is aP rince: Assortative Matching with Nontransferabilities ∗ (2007, background): “As with expression (2), (3) and (4) depict nontransferable utility models in which the frontiers, though downward sloping, do not have constant unit slope.”
- Moral hazard and sickness insurance (2005, background): “1 For a general overview of methodological problems in empirical studies on behavior in insurance markets, see Chiappori & Salanie (2000) .”