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Author : Pradeep Agrawal
Publisher :
ISBN 13 :
Total Pages : 21 pages
Book Rating : 4.:/5 (2 download)
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:
Author : Sugato Bhattacharyya
Publisher :
ISBN 13 :
Total Pages : 36 pages
Book Rating : 4.:/5 (294 download)
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 1992 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Sonku Kim
Publisher :
ISBN 13 :
Total Pages : 44 pages
Book Rating : 4.:/5 (318 download)
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:
Author : Son-Ku Kim
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (129 download)
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.
Author : Duncan P. Mann
Publisher :
ISBN 13 :
Total Pages : 8 pages
Book Rating : 4.:/5 (224 download)
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:
Author : Nicole Petrick
Publisher : GRIN Verlag
ISBN 13 : 3640394127
Total Pages : 25 pages
Book Rating : 4.6/5 (43 download)
Download or read book Adverse Selection and Moral Hazard in Contract Law written by Nicole Petrick and published by GRIN Verlag. This book was released on 2009 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt: Essay aus dem Jahr 2005 im Fachbereich BWL - Recht, Note: 1,7, Higher School of Economics Moscow, Russia, Sprache: Deutsch, Abstract: Legal and economical interpretations of contract, contract law and contract theory, asymmetric information, adverse selection and moral hazard. Paper explains negative effects of adverse selection and moral hazard for the case of transaction costs and incomplete contracts and describes incentives to avoid adverse selection and moral hazard, such as signaling and deductibles as well as indemnity contracts and valued contracts.
Author : Tomasz Piskorski
Publisher :
ISBN 13 :
Total Pages : 56 pages
Book Rating : 4.:/5 (13 download)
Download or read book Optimal Dynamic Contracts with Moral Hazard and Costly Monitoring written by Tomasz Piskorski and published by . This book was released on 2016 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: We introduce a tractable dynamic monitoring technology into a continuous-time moral-hazard problem and study the optimal long-term contract between principal and agent. Monitoring adds value by allowing the principal to reduce the intensity of performance-based incentives, reducing the likelihood of costly termination. We present a novel characterization of optimal dynamic incentive provision when performance-based incentives may decline continuously to zero. Termination happens in equilibrium only if its costs are relatively low. In general, the intensity of both monitoring and performance-based compensation can be non-monotonic functions of the quality of past performance. Our results can also help explain puzzling empirical findings on the relationship between performance history and future pay-performance sensitivity and on the linkage between termination, performance, and monitoring. We also discuss implications of our model for optimal security design and endogenous financing constraints.
Author : David P. Baron
Publisher :
ISBN 13 :
Total Pages : 43 pages
Book Rating : 4.:/5 (819 download)
Download or read book Risk Sharing in Procurement Contracting written by David P. Baron and published by . This book was released on 1985 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Cosmos Adjei
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (131 download)
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:
Author : Alain de Janvry
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (129 download)
Download or read book Optimal Share Contracts with Moral Hazard on Effort and in Output Reporting written by Alain de Janvry and published by . This book was released on 2010 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: We explore in this paper the design of optimal share contracts when there is a double moral hazard, one on inputs exclusively provided by the agent (such as effort) and the other in reporting the level of output to be shared with the principal, and when there is a social efficiency cost to under-reporting. The optimal contract is second best in that it allows for residual moral hazard in both effort and output reporting. The model predicts that contract terms will vary with the value to the tenant of unreported output as well as with any capacity of the principal to directly supervise the agent. The model is written for a landlord-tenant share contract but applies as well for tax collection and franchising.
Author : Hans-Joachim Schramm
Publisher : Springer Science & Business Media
ISBN 13 : 3790827746
Total Pages : 375 pages
Book Rating : 4.7/5 (98 download)
Download or read book Freight Forwarder's Intermediary Role in Multimodal Transport Chains written by Hans-Joachim Schramm and published by Springer Science & Business Media. This book was released on 2012-01-05 with total page 375 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this book, the business of international freight forwarding is examined from both a theoretical and empirical point of view with a special emphasis on multimodal transport chains, including sea or air transport operations. In such contexts, the freight forwarder is always considered "The Architect of Transport", but this intermediary role seems to be largely neglected in research to date. Therefore, relevant concepts from economic theory and economic sociology are employed to produce both an intermediary and a network perspective of freight forwarding in order to provide a better understanding of this kind of transportation business. Furthermore, its intermediary role in such inherent network structures is explored by mapping relationship patterns in a stylized model framework applied to a questionnaire-based sample collected among freight forwarders engaged in such multimodal transport chains in Germany (especially from Hamburg, Bremen and Bremerhaven) as well as in Austria in 2003.
Author : Yoram Barzel
Publisher : Cambridge University Press
ISBN 13 : 1009374737
Total Pages : 301 pages
Book Rating : 4.0/5 (93 download)
Download or read book Economic Analysis of Property Rights written by Yoram Barzel and published by Cambridge University Press. This book was released on 2023-08-31 with total page 301 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic property rights are the fundamental unit of economic analysis, necessary to resource allocation, organizations, and institutions.
Author : Jens Hutzschenreuter
Publisher : Springer Science & Business Media
ISBN 13 : 3834983950
Total Pages : 291 pages
Book Rating : 4.8/5 (349 download)
Download or read book Management Control in Small and Medium-Sized Enterprises written by Jens Hutzschenreuter and published by Springer Science & Business Media. This book was released on 2009-11-10 with total page 291 pages. Available in PDF, EPUB and Kindle. Book excerpt: Jens Hutzschenreuter determines the effect of management control forms on the performance of innovative small and medium sized enterprises (SMEs). His findings suggest that in fact indirect control forms have a stronger performance impact than traditional control forms.
Author : Luo, ZongWei
Publisher : IGI Global
ISBN 13 : 1466627743
Total Pages : 402 pages
Book Rating : 4.4/5 (666 download)
Download or read book Technological Solutions for Modern Logistics and Supply Chain Management written by Luo, ZongWei and published by IGI Global. This book was released on 2013-01-31 with total page 402 pages. Available in PDF, EPUB and Kindle. Book excerpt: Technological Solutions for Modern Logistics and Supply Chain Management highlights theories and technological growth in applied research as well as advances in logistics, supply chains, and industry experiences. Aiming to enhance the expansions made towards an efficient and sustainable economy, this book is essential for providing researchers, practitioners and academicians with insight into a wide range of topics.
Author : Susheng Wang
Publisher : Routledge
ISBN 13 : 1136173196
Total Pages : 220 pages
Book Rating : 4.1/5 (361 download)
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.
Author : Bodo Steiner
Publisher :
ISBN 13 :
Total Pages : 39 pages
Book Rating : 4.:/5 (663 download)
Download or read book The Extent and Nature of Contracting in the Wine Supply-chain when Moral Hazard is Present written by Bodo Steiner and published by . This book was released on 2009 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper explores an optimal sharing contract between a grape grower and a winery, when a risk-averse grower allocates efforts among multiple activities that differ in measurability, while double-sided moral hazard is assumed to be present. The contract allows for asymmetric quality contributions by the grape grower and the winery, and is conditioned on both the value of joint production outcomes as well as on the performance evaluation from monitoring. The model is motivated by the use of residual claimancy in the wine industry. Through comparative static analysis of the Pareto optimal share, the model provides insights into the extent and nature of contracting in the wine industries of Australia, New Zealand, California and Spain.
Author : Noam Wasserman
Publisher : Princeton University Press
ISBN 13 : 0691158304
Total Pages : 490 pages
Book Rating : 4.6/5 (911 download)
Download or read book The Founder's Dilemmas written by Noam Wasserman and published by Princeton University Press. This book was released on 2013-04 with total page 490 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Founder's Dilemmas examines how early decisions by entrepreneurs can make or break a startup and its team. Drawing on a decade of research, including quantitative data on almost ten thousand founders as well as inside stories of founders like Evan Williams of Twitter and Tim Westergren of Pandora, Noam Wasserman reveals the common pitfalls founders face and how to avoid them.
