Environmental Liability and Organizational Structure

Preprint OPEN
Laurent Franckx; F.P. de Vries;
  • Subject: contracts, liability, firm structure, principal-agent
    • jel: jel:K3 | jel:Q2 | jel:L2

This paper presents a multitask principal-agent model to examine how environmental liability rules for individual managers within a corporate hierarchy affect, on the one hand, the incentive schemes the organization provides and, on the other hand, the choice between a ... View more
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