The Existence of Self-Enforcing Implicit Contracts
证明在工人与雇主之间,存在一种由企业内部声誉支持的隐性契约,该契约构成非平凡纳什均衡,并能实现有效交易。
Implicit contracts are nontrivial Nash equilibria to the post-hiring trading game between a worker and the employer. These are supported by intrafirm, rather than labor market, reputations. The existence of an implicit contract that supports efficient trade is proved in a simple model.