Results 11 to 20 of about 658,976 (287)
Principal‐agent and Peer Relationships in Tournaments [PDF]
Managerial and Decision Economics, 2014 Effort provision in tournaments may depend on both social preferences towards the competitor and social preferences towards the principal who designed the tournament. In a laboratory experiment, we analyze agents' behavior in different tournament settings that vary the distribution of the prize between agents.
Eisenkopf, Gerald, Teyssier, Sabrina
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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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The role of the agent's outside options in principal-agent relationships [PDF]
, 2009 We consider a principal-agent model of adverse selection where, in order to trade with the principal, the agent must undertake a relationship-specific investment which affects his outside option to trade, i.e.
A. Darwiche +12 more
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Quasi-regulation and Principal—Agent Relationships [PDF]
Educational Management Administration & Leadership, 2009 Market-oriented reforms and school choice policies have had a high political profile in a number of developed countries. This article examines the issue of school choice through the lens of the English market-oriented reforms; it focuses on the quasi-regulation and regulation of admissions to publicly funded secondary schools.
Anne West, Hazel Pennell, Audrey Hind
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Optimal design of securitization in a principal-agent relationship based on Bayesian inference for moral hazard [PDF]
تحقیقات مالی, 2015 In the securitization process, by selling the mortgage loans to risk-lover investors, originator can allocate the mortgage loans risk to them. In this case, originator may not have an incentive to screen out borrowers, resulting in the moral hazard ...
Ezatollah Abbasian +2 more
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Principal-agent Relationships: A Note on Biomass Depletion
Research in Ecology, 2021 Public authorities frequently mandate public or private agencies to manage their renewable natural resources. Contrary to the agency, which is an expert in renewable natural resource management, public authorities usually ignore the sustainable level of harvest. In this note, we first model the contractual relationship between a principal, who owns the
Dragicevic, Arnaud, Garcia, Serge
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Defining Agency and Its Scope (II) [PDF]
, 2016 Fiduciary law necessarily raises issues of delineation and demarcation, which this paper demonstrates through examples involving common-law agents. Serving as an agent, and thus as a fiduciary, does not necessarily mean that agency law prescribes all ...
DeMott, Deborah A.
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Principal agent relationships and the efficiency of hospitals [PDF]
The European Journal of Health Economics, 2009 The efficiency of hospitals is an important political issue and has been the subject of a number of studies. Most studies find evidence for inefficiency but provide no theoretical explanations for differences in efficiency. This study used principal agent theory to explain differences in efficiency between hospitals. Two agency issues are examined: (1)
Ludwig, M., Merode, F., Groot, W.N.J.
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Demand for the truth in principal–agent relationships [PDF]
Review of Accounting Studies, 2006 Consider the following puzzle: If earnings management is harmful to shareholders, whydon't they design contracts that induce managers to reveal the truth? To answer this question, we model the shareholders-manager relationship as a principal-agent game in which the agent (the manager) alone observes the economic outcome.
Joshua Ronen, Varda Lewinstein Yaari
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Solution Concepts of Principal-Agent Models with Unawareness of Actions
Games, 2013 In numerous economic scenarios, contracting parties may not have a clear picture of all the relevant aspects. A contracting party may be unaware of what she and/or others are entitled to determine. Therefore, she may reject a contract that is too good to
Xiaojian Zhao, Ying-Ju Chen
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