Özener, Başak Altan2020-06-302020-06-302019-100165-1765http://hdl.handle.net/10679/6666https://doi.org/10.1016/j.econlet.2019.108606We study a sequential agency problem with hidden actions in an infinite horizon dynamic setting. The principal has a project that requires completion of two sequential tasks where the predecessor must be finished before the successor can be started. We characterize the efficient outcome as well as the optimal full commitment contract.enginfo:eu-repo/semantics/restrictedAccessArticle18300048757340002810.1016/j.econlet.2019.108606Moral hazardSequential tasksOptimal contract2-s2.0-85070390506