bonding & contractible

Loriane

New Member
belgium, french
Hi!

I'm wondering about two words..maybe anybody can help me?
My first question is about bonding, context:

The monitoring expenditures of the principal,
The bonding expenditures of the agent,
Welfare loss

It's a kind of definition!

and my other question is about the word :contractible, context:
...we assume that the principal is able to observe directly the effort level being supplied by the agent. Assume further that the effort level is contractible.
I just found contract..but no contractible..

Thanks,
best regards,

L.
 
  • Loriane

    New Member
    belgium, french
    Hi again!

    i just forgot to say that,for bonding, my 3 sentences are a definition of the agency costs...

    thanks again!

    L.
     
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