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Rheinische Friedrich-Wilhelms-Universität Bonn >
Bonn Graduate School of Economics (BGSE), Universität Bonn >
Bonn Econ Discussion Papers, Bonn Graduate School of Economics (BGSE), Universität Bonn >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/22949
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Kräkel, Matthias | | en_US |
| dc.contributor.author | | Sliwka, Dirk | | en_US |
| dc.date.accessioned | | 2009-01-29T15:11:18Z | | - |
| dc.date.available | | 2009-01-29T15:11:18Z | | - |
| dc.date.issued | | 2006 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/22949 | | - |
| dc.description.abstract | | We discuss a principal-agent model in which the principal has the opportunity to include a non-compete agreement in the employment contract. We show that not imposing such an agreement can be beneficial for the principal as the possibility to leave the firm generates implicit incentives for the agent. The principal prefers to impose such a clause if and only if the value created is su? ciently small relative to the agent´s outside option. If the principal can use an option contract for retaining the agent, she will never prefer a strict non-compete agreement. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | | | en_US |
| dc.relation.ispartofseries | | Bonn econ discussion papers 2006,4 | | en_US |
| dc.subject.jel | | J3 | | en_US |
| dc.subject.jel | | M5 | | en_US |
| dc.subject.jel | | D86 | | en_US |
| dc.subject.jel | | D21 | | en_US |
| dc.subject.jel | | K1 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | fine | | en_US |
| dc.subject.keyword | | incentives | | en_US |
| dc.subject.keyword | | incomplete contracts | | en_US |
| dc.subject.keyword | | non-compete agreements | | en_US |
| dc.subject.keyword | | option contract | | en_US |
| dc.title | | Should You Allow Your Agent to Become Your Competitor?: On Non-Compete Agreements in Employment Contracts | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 510390056 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | - |
| Appears in Collections: | | Bonn Econ Discussion Papers, Bonn Graduate School of Economics (BGSE), Universität Bonn
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