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Global Approximations for Principal Agent Theory
International Joint Conference on Autonomous Agents and Multiagent Systems, 2015Principal Agent Theory (PAT) seeks to identify incentives and sanctions that a consumer should offer a producer as part of a contract in order to maximise the former's utility. However, identifying optimal contracts in large systems is difficult, particularly when little information is available about producer competencies. In this work we propose that
Cerutti F., Oren N., Burnett C.
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Executive Compensation and Principal-Agent Theory
Journal of Political Economy, 1994The empirical literature on executive compensation generally fails to specify a model of executive pay on which to base and test hypotheses regarding its determinants.
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Principal-agent theory in venture business
2008 Chinese Control and Decision Conference, 2005Agent distortion issue occurs as traditional Holmstrom- Milgrom model is applied to venture business. To wipe out this difficulty, this paper does reconstructions and extensions towards classical principal-agent theory, brings forward ob-endeavor theorem, validates moral hazard with hidden action, and discovers synergy effect of the endeavor level ...
null Yan Zhao, null Xiaojian Chen
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Principal–Agent Theory, Game Theory, and the Precautionary Principle
Decision Analysis, 2019Principal–agent theory and game theory are applied to the precautionary principle (PP) to open up a new research agenda. Principals assess whether the threat is uncertain above a threshold. If it is, the principals choose, pay, and command agents to decrease the uncertainty below the threshold. The agents perform the action.
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Jahrbücher für Nationalökonomie und Statistik, 1995
Zusammenfassung Dieser Beitrag präsentiert eine Verallgemeinerung der Principal-Agent-Theorie, indem die Erwartungsnutzentheorie durch den allgemeineren Ansatz von Machina (1982) ersetzt wird. Dabei wird statt des umstrittenen Substitutionsaxioms lediglich eine viel weniger einschränkende Differenzierbarkeitsbedingung vorausgesetzt, das ...
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Zusammenfassung Dieser Beitrag präsentiert eine Verallgemeinerung der Principal-Agent-Theorie, indem die Erwartungsnutzentheorie durch den allgemeineren Ansatz von Machina (1982) ersetzt wird. Dabei wird statt des umstrittenen Substitutionsaxioms lediglich eine viel weniger einschränkende Differenzierbarkeitsbedingung vorausgesetzt, das ...
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2016
Die wissenschaftstheoretischen Ein- und Abgrenzungen verdeutlichen den engen Rahmen und die wissenschaftlichen Schwierigkeiten, um die deutsche Nachhaltigkeitsstrategie zu untersuchen. Im letzten Schritt bestimmt die gewahlte Theorie die Schwerpunkte und die Ergebnisse.
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Die wissenschaftstheoretischen Ein- und Abgrenzungen verdeutlichen den engen Rahmen und die wissenschaftlichen Schwierigkeiten, um die deutsche Nachhaltigkeitsstrategie zu untersuchen. Im letzten Schritt bestimmt die gewahlte Theorie die Schwerpunkte und die Ergebnisse.
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2003
Up to now we have investigated decision makers acting as a team or an enforced team. Though the actors were allowed to possess private information, an antagonistic behavior was not assumed to be present or effective. In particular, the levels did not exploit their information in an opportunistic way.
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Up to now we have investigated decision makers acting as a team or an enforced team. Though the actors were allowed to possess private information, an antagonistic behavior was not assumed to be present or effective. In particular, the levels did not exploit their information in an opportunistic way.
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Endogenous Opportunism in the Principal-Agent Theory
Voprosy Ekonomiki, 2005The point of the article is studying basic problems of the firm institutional theory - opportunism behavior problem in a principal-agent relationship system on the firm level. The article is devoted to the analysis of the essence of opportunism as economic category, definition of basic forms of inside opportunism and estimation of their influence on ...
E. Popov, V. Simonova
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PRINCIPAL/AGENT THEORY AND DECISIONMAKING IN HEALTH CARE
Bioethics, 1988KIE: Principal/agent theory, an economics concept that defines an agency relationship as "a contract under which one or more persons engage another person (the agent) to perform some service on their behalf which involves delegating some decision-making authority to the agent," is held to be applicable to the patient/physician relationship, in contrast
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