Multi-agent contracts face limited commitment, impacting accountability and performance.
Limited Commitment in Multi-agent Contracting is a study that looks at how contracts between multiple parties can be affected by limited commitment. The researchers analyzed data from various sources and found that the design of control systems in companies can be influenced by factors like risk and executive compensation. They also discovered that performance incentives within firms can be impacted by managerial responsibility. These findings shed light on how contracts are structured in organizations and how they can be influenced by different variables.