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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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A Principal-Agent Model of Sequential Testing [PDF]
Theoretical Economics, 2008 This paper analyzes the optimal provision of incentives in a sequential testing context. In every period the agent can acquire costly information that is relevant to the principal's decision. Neither the agent's effort nor the realizations of his signals
Dino Gerardi, Lucas Maestri
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A principal-agent model of corruption [PDF]
Crime, Law and Social Change, 1996 One of the new avenues in the study of political corruption is that of neo-institutional economics, of which the principal-agent theory is a part. In this article a principal-agent model of corruption is presented, in which there are two principals (one ...
Groenendijk, Nico
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Imprecise Beliefs in a Principal Agent Model [PDF]
SSRN Electronic Journal, 1999 This paper presents a principal-agent model where the agent has multiple, or imprecise, beliefs. We model this situation formally by assuming the agent's preferences are incomplete.
Rigotti, L.
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Reinvention and the Principal-Agent Model
Convergencia, 2003 Existe una interesante polémica en el sector público, derivada de las tensiones existentes entre desempeño y flexibilidad administrativa por un lado, y rendición de cuentas y control, por el otro.
J. Ramón Gil García
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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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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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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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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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Systems, 2022 In the process of poverty alleviation through Mandarin popularization in ethnic minority areas, there is a principal–agent relationship. In order to effectively stimulate the endogenous motivation of the public, it is necessary to study the principal ...
Xiaoyang Mu, Li Wang
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