TY  - RPRT
        AU  - MacLeod, W. Bentley
AU  - Malcomson, James
        TI  - Implicit Contracts, Incentive Compatibility, and Involuntary Unemployment: Thirty Years On
        PY  - 2023/Jan/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 15881
        UR  - https://www.iza.org/index.php/publications/dp15881
        AB  - "Implicit Contracts, incentive compatibility, and involuntary unemployment" (MacLeod and Malcomson, 1989) remains our most highly cited work. 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.
        KW  - incentives
KW  - legal enforcement
KW  - informal enforcement
KW  - relational contracts
KW  - private information
        ER  -