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Inducing leaders to take risky decisions : dismissal, tenure, and term limits
Aghion, Philippe; Jackson, Matthew O. - 2014
Persistent link: https://www.econbiz.de/10010391706
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The welfare effects of entry: the role of the input market
Mukherjee, Arijit (contributor); Broll, Udo (contributor);  … - 2008
Persistent link: https://www.econbiz.de/10003790632
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The welfare effects of entry : the role of the input market
Mukherjee, Arijit; Broll, Udo; Mukherjee, Soma - In: Journal of economics 98 (2009) 3, pp. 189-201
Persistent link: https://www.econbiz.de/10003907812
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Entry in a vertically separated industry : price vs. quantity competition
Mukherjee, Arijit (contributor); Broll, Udo (contributor);  … - 2004 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10002364486
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Inducing Leaders to Take Risky Decisions : Dismissal, Tenure, and Term Limits
Aghion, Philippe - 2014
In this paper we analyze the problem of whether and/or when to replace a leader (agent) when no monetary rewards are available, and it is the leader's competence rather than effort that is being evaluated. The only decisions that the leader takes over time are whether to undertake risky but...
Persistent link: https://www.econbiz.de/10013050303
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Inducing leaders to take risky decisions : dismissal, tenure, and term limits
Aghion, Philippe; Jackson, Matthew O. - In: American economic journal : a journal of the American … 8 (2016) 3, pp. 1-38
Persistent link: https://www.econbiz.de/10011572313
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Inducing Leaders to Take Risky Decisions : Dismissal, Tenure, and Term Limits
Aghion, Philippe - 2014
In this paper we analyze the problem of whether and/or when to replace a leader (agent) when no monetary rewards are available, and it is the leader's competence rather than effort that is being evaluated. The only decisions that the leader takes over time are whether to undertake risky but...
Persistent link: https://www.econbiz.de/10012458366
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Inducing Leaders to Take Risky Decisions : Dismissal, Tenure, and Term Limits
Aghion, Philippe; Jackson, Matthew O. - 2015
How can a principal (employer or voter) induce an agent (worker or politician) to choose the 'right' actions if risky actions reveal the agent's decision-making competence and only dismissal can be used as an incentive instrument? The principal wishes to replace incompetent agents, but...
Persistent link: https://www.econbiz.de/10014037199
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The new Basel accord and the nature of risk : a game theoretic perspective
Bieta, Volker; Broll, Udo; Milde, Hellmuth; Siebe, Wilfried - 2007
- game theory is a useful set of tools for better understanding different risk settings. Embedded in a short history of the … Basel Accord in this article we introduce some basic ideas of game theory in the context of rating procedures in accordance … with Basel II. As well, some insight is given how game theory works. Here, the primary value of game theory stems from its …
Persistent link: https://www.econbiz.de/10003481314
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Strategic pricing of financial options
Bieta, Volker; Broll, Udo; Milde, Hellmuth; Siebel, Wilfried - 2009
need an approach explaining interdependent actions. Game theory is in a position to offer proper olutions. This paper … price are endogenously determined. -- Game theory ; Nash equilibrium ; option pricing ; real option …
Persistent link: https://www.econbiz.de/10003941168