Showing 1 - 10 of 3,819
In the presence of a time-inconsistency problem with optimal agency contracts, we show that competitive markets implement allocations that Pareto dominate those achieved by a benevolent planner, they induce strictly more effort, and they sometimes make the commitment problem disappear entirely....
Persistent link: https://www.econbiz.de/10003894094
Persistent link: https://www.econbiz.de/10010423519
Persistent link: https://www.econbiz.de/10012024215
This paper aims to characterise a dynamic, incentive-compatible contract for the provision of health services, allowing … private information of the provider. We characterise the optimal dynamic contract and show that it is made up of two …, which is affected by both patient and hospital characteristics. To illustrate the characteristics of the dynamic contract …
Persistent link: https://www.econbiz.de/10014342117
's type. We find that the form of the optimal contract depends on the job characteristics as well as the distribution of …
Persistent link: https://www.econbiz.de/10010382180
Persistent link: https://www.econbiz.de/10011995465
. Contract information is now accessible not only to current and prospective donors, but also to rival nonprofit organizations … competing for donations in the fundraising market. Our aim is to investigate the impact of publicly available contract … information on fundraising competition of nonprofit organizations. We argue that, although such provision makes contract …
Persistent link: https://www.econbiz.de/10012383902
We investigate the problem of subsidising afforestation when private information exists with respect to the level of private utility derived from the project. We develop a simple model that allows for an intelligent design of contracts when information is asymmetric. The model involves the...
Persistent link: https://www.econbiz.de/10011601121
Persistent link: https://www.econbiz.de/10012001840
Persistent link: https://www.econbiz.de/10009501863