Results 11 to 20 of about 243,889 (241)
Deterministic versus stochastic mechanisms in principal–agent models [PDF]
Journal of Economic Theory, 2006 This paper shows that, contrary to what is generally believed, decreasing concavity of the agent’s utility function with respect to the screening variable is not sufficient to ensure that stochastic mechanisms are suboptimal. The paper demonstrates, however, that they are suboptimal whenever the optimal deterministic mechanism exhibits no bunching ...
Strausz, Roland
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Optimal Incentives in a Principal–Agent Model with Endogenous Technology [PDF]
Games, 2018 One of the standard predictions of the agency theory is that more incentives can be given to agents with lower risk aversion. In this paper, we show that this relationship may be absent or reversed when the technology is endogenous and projects with a ...
Marco A. Marini +3 more
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Corrupt procurement: rethinking the roles of principals and agents
Policy Design and Practice, 2022 Public sector procurement is a multi billion dollar activity and requires the highest level of integrity. Even in countries that are relatively free of corruption, there exist many opportunities for corrupt behavior, and there are always individuals who ...
Adam Graycar
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The Principal-Agent Model with an Informative Signal to the Advantage of the Agent [PDF]
Problemi Ekonomiki, 2019 This article deals with the problem of negative impact of information asymmetry on the market and methods for mitigating it. This problem is solved by using the methods of the economic theory of contracts.
Nykyforchyn Iryna V.
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Complexity, 2021 The separation of ownership and management is a common operation mode in modern enterprises, which establishes the principal-agent relationship between modern enterprise owners and professional managers.
Liang Yuan +3 more
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Dynamic programming approach to principal-agent problems [PDF]
, 2017 We consider a general formulation of the Principal-Agent problem with a lump-sum payment on a finite horizon, providing a systematic method for solving such problems.
Cvitanić, Jakša +2 more
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Concept and historical background of franchise contract and comparing it with commercial agency [PDF]
پژوهشنامه حقوق تطبیقی, 2023 In spite of similarities between franchise as a contract and agency, there are differences between them which have theoretical and practical aspects. In this paper we are discussing this similarities and differences from a comparative perspective.
Mostafa Elsan +2 more
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Journal of Management Science and Engineering, 2023 We consider a general framework of optimal contract design under the heterogeneity and short-termism of agents. Our research shows that the optimal contract must weigh the agent's information rent, incentive cost, and benefit to overcome the contract's ...
Chuan Ding, Yang Li, Zhenyu Cui
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Optimization of Upstream Oil and Gas Contracts: A Principal-Agent Model [PDF]
Faslnāmah-i Pizhūhish/Nāmah-i Iqtisādī, 2020 The history of oil contracts in the last century indicates that oil contracts are a form of conflict between the interests of foreign oil companies and national interests of reservoir-owning governments.
Hojjatollah Baramaki Yazdi +2 more
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The principal-agent model in venture investment based on fairness preference
AIMS Mathematics, 2021 The fairness preference in the principal-agent relationship is a vital factor that can even determine the success or failure of one program. Under normal circumstances, the capital invested by VC is often several times that of EN, which is one of the ...
Dongsheng Xu, Qingqing Liu , Xin Jiang
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