Ming Yang
Institution
University College London
PhD Year
2012
yangming04@gmail.com
FTG Membership
Member
Website
https://sites.google.com/view/mingyang-website/home
Featured Work
Mar 7, 2026
The Fragile Promise: Job Security and Contract Design under Partial Commitment
We develop a dynamic contracting framework to study how partial commitment power affects long term employment relationships. In a continuous time moral hazard model, the principal can alter the contract at random, exogenously timed alteration opportunities, with their arrival rate measuring her (lack of) commitment power. Our results depend on the relative observability of diligence and misconduct. For guardian jobs, where misconduct is easier to...
