Federal Reserve Bank of Cleveland. "Privately Optimal Contracts and Suboptimal Outcomes in a Model of Agency Costs : Working Paper 12-39R, Working Paper 12-39R" in Working Paper (Federal Reserve Bank of Cleveland)
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https://fraser.stlouisfed.org/title/4494/item/690557/content/pdf/frbclv_2012-39r, accessed on March 8, 2026.