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Linear Contracts And The Double Moral Hazard
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Book Synopsis Linear Contracts and the Double Moral-Hazard by : Son-Ku Kim
Download or read book Linear Contracts and the Double Moral-Hazard written by Son-Ku Kim and published by . This book was released on 2009 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper studies the characteristics of optimal contracts when the agent is risk-averse in the double moral-hazard situation in which the principal also participates in the production process. It is already known that a simple linear contract is one of many optimal contracts under the double moral-hazard when the agent is risk-neutral. We find that the agent's optimal incentive scheme in this case is unique and non-linear, but less sensitive to output than would be designed under a single moral-hazard. We also find that the linear contract is not robust in the sense that the above unique and non-linear contract does not approach the linear contract as the agent's risk-aversion approaches zero.
Book Synopsis Linear Contracts and the Double Moral-hazard by : Sonku Kim
Download or read book Linear Contracts and the Double Moral-hazard written by Sonku Kim and published by . This book was released on 1996 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Double-Sided Moral Hazard and the Nature of Share Contracts by : Sugato Bhattacharyya
Download or read book Double-Sided Moral Hazard and the Nature of Share Contracts written by Sugato Bhattacharyya and published by . This book was released on 2013 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Contractual arrangements involving revenue/profit sharing are often based on fairly simple, often linear, rules. In addition, in many contexts these contracts are notfinely adjusted to the particular circumstances of individual agents or markets, nor do they vary over time to the extent current theories based on optimal contracting suggest they should. We develop a simple model of such revenue- or profit-sharing arrangements based on double-sided moral hazard and show that this model can account for many of these stylized facts. More specifically, the model shows that linear contracts can be optimal and that benefits from customizing terms can, in some cases, be quite limited, if not zero.
Book Synopsis Double Moral Hazard, Monitoring, and the Nature of Contracts by : Pradeep Agrawal
Download or read book Double Moral Hazard, Monitoring, and the Nature of Contracts written by Pradeep Agrawal and published by . This book was released on 2003 with total page 21 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Money-back Contracts with Double Moral Hazard by : Duncan P. Mann
Download or read book Money-back Contracts with Double Moral Hazard written by Duncan P. Mann and published by . This book was released on 1989 with total page 8 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Organization Theory and its Applications by : Susheng Wang
Download or read book Organization Theory and its Applications written by Susheng Wang and published by Routledge. This book was released on 2012-12-20 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt: Organization theory is a fast developing field of microeconomics. Organizational approaches are now used in a wide range of topics in business studies. They are based on information economics, contract theory and mechanism design. This book introduces such organizational approaches and how to adopt them as business applications. The book presents the theory in the first two chapters and proceeds to cover the applications of the theory in the later three chapters. The theory lays the foundation and the applications illustrate how the theory can be used in a wide range of business problems. The book covers many concepts and ideas in organization theory, including complete contracts, incomplete contracts, allocation of control rights, option contracts, convertibles, and joint ventures concisely. It will be of use to third year undergraduates and above, Master’s and Ph.D levels for students in business schools.
Book Synopsis Double Moral Hazard and Relational Contract by : Cosmos Adjei
Download or read book Double Moral Hazard and Relational Contract written by Cosmos Adjei and published by . This book was released on 2021 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Renegotiating Moral Hazard Contracts Under Limited Liability and Monotonicity by : Steven M. Matthews
Download or read book Renegotiating Moral Hazard Contracts Under Limited Liability and Monotonicity written by Steven M. Matthews and published by . This book was released on 1999 with total page 21 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis "Renegotiating Moral Hazard Contracts Under Limited Liability and Monotonicity" by : Steven A. Matthews
Download or read book "Renegotiating Moral Hazard Contracts Under Limited Liability and Monotonicity" written by Steven A. Matthews and published by . This book was released on 1999 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Moral Hazard and Unenforcable Implicit Contracts by : Christopher J. Ellis
Download or read book Moral Hazard and Unenforcable Implicit Contracts written by Christopher J. Ellis and published by . This book was released on 1983 with total page 11 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Microeconomic Theory by : Susheng Wang
Download or read book Microeconomic Theory written by Susheng Wang and published by Springer. This book was released on 2018-06-25 with total page 461 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book covers microeconomic theory at the Master’s and Ph.D levels for students in business schools and economics departments. It concisely covers major mainstream microeconomic theories today, including neoclassical microeconomics, game theory, information economics, and contract theory. The revamped, 3rd edition of "Microeconomic Theory" offers faculty, graduate and upper undergraduate students with a comprehensive curriculum solution.
Book Synopsis Double Moral Hazard and Renegotiation by : Hiroshi Osano
Download or read book Double Moral Hazard and Renegotiation written by Hiroshi Osano and published by . This book was released on 2003 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: We examine renegotiation in a double moral hazard model with an ex ante budget balancing constraint when both the principal and the agent are allowed to make a renegotiation offer even though the principal proposes an initial contract. Under a belief restriction, any perfect-Bayesian equilibrium leads to an allocation that is superior to the second-best allocation of the standard double moral hazard model without renegotiation. The result of this paper gives some reasons for the existence of intermediary organizations such as holding companies, law houses, consulting firms, investment banks or venture capital. The result can also provide the rationalization for a fund set up by a group of firms of the industry in which their product is legally required to be recyclable.
Book Synopsis Repeated Moral Hazard and Contracts with Memory by : Petra Nieken
Download or read book Repeated Moral Hazard and Contracts with Memory written by Petra Nieken and published by . This book was released on 2010 with total page 17 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Interlinked Contracts and Moral Hazard in Investment by : Gautam Bose
Download or read book Interlinked Contracts and Moral Hazard in Investment written by Gautam Bose and published by . This book was released on 1991 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis On the Optimality of Menus of Linear Contracts by : William Paul Rogerson
Download or read book On the Optimality of Menus of Linear Contracts written by William Paul Rogerson and published by . This book was released on 1987* with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Resolving Double Moral Hazard Problems with Buyout Agreements by : Joel S. Demski
Download or read book Resolving Double Moral Hazard Problems with Buyout Agreements written by Joel S. Demski and published by . This book was released on 1990 with total page 13 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Renegotiation of Sales Contracts Under Moral Hazard by : Steven A. Matthews
Download or read book Renegotiation of Sales Contracts Under Moral Hazard written by Steven A. Matthews and published by . This book was released on 1991 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt:
