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Large-scale, publicly funded research and development (R&D) programs are implemented to accelerate state-of-the-art science, technology, and innovation applications that are expected to solve various societal problems.
Shuto Miyashita +3 more
semanticscholar +1 more source
The role of the agent's outside options in principal–agent relationships [PDF]
zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Imran Rasul, Silvia Sonderegger
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Optimal design of securitization in a principal-agent relationship based on Bayesian inference for moral hazard [PDF]
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
doaj +1 more source
Solution Concepts of Principal-Agent Models with Unawareness of Actions
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
doaj +1 more source
Theories of behavior in principal–agent relationships with hidden action [PDF]
Abstract In a laboratory experiment, we investigate behavior in a principal–agent situation with moral hazard. We evaluate the predictive success of two theories. One is the standard agency theory, which assumes that the agent will accept any contract offer that satisfies his participation constraint, typically requiring zero expected utility.
Keser, Claudia, Willinger, Marc
openaire +4 more sources
Principal-Agent Hypothesis Testing [PDF]
Consider the relationship between a regulator (the principal) and an experimenter (the agent) such as a pharmaceutical company. The pharmaceutical company wishes to sell a drug for profit, whereas the regulator wishes to allow only efficacious drugs to ...
Stephen Bates +3 more
semanticscholar +1 more source
KEAGENAN BANK DALAM PERSPEKTIF COMMON LAW SYSTEM
The rapid development of the national economy and banking external environment, causing banking activities not only engage in activities that are primary (core business), but also non-core business such as agency activities as Mutual Fund Sales Agent ...
Andika Persada Putera
doaj +1 more source
Tanggung Jawab Prinsipal Terhadap Konsumen Dalam Perjanjian Keagenan Dan Distributor
This study aims to determine the Legal Existence of Agency and Distributor Agreements in the Civil Law Perspective and Principal Responsibilities to Consumers in Agency and Distributor Agreements.
Sudjana Sudjana
doaj +1 more source
PRINSIP FIDUCIARY DUTIES DALAM DUNIA KEAGENAN (AGENCY)
Legal relationship between the principal and the agent in the agency are not just purely a legal relationship that is based on purely normative rules, which resulted in the agent is allowed to act fatherly and on behalf of the principal, but more than ...
Budi Santoso
doaj +1 more source
Inherent and emergent liability issues in LLM-based agentic systems: a principal-agent perspective [PDF]
Agentic systems powered by large language models (LLMs) are becoming progressively more complex and capable. Their increasing agency and expanding deployment settings attract growing attention to effective governance policies, monitoring, and control ...
Garry Gabison, R. Xian, Ck Sq, An Ck Sq
semanticscholar +1 more source

