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The 2016 Nobel Memorial Prize in Economic Sciences was awarded to Oliver Hart and Bengt Holmström for their work on contract theory. Contract theory is a subfield of game theory where the conflict between the owner - the principal - and the CEO - or agent - is at the centre of interest. In the...
Persistent link: https://www.econbiz.de/10011944900
The 2016 Nobel Memorial Prize in Economic Sciences was awarded to Oliver Hart and Bengt Holmström for their work on contract theory. Contract theory is a subfield of game theory where the conflict between the owner - the principal - and the CEO - or agent - is at the centre of interest. In the...
Persistent link: https://www.econbiz.de/10011588720
political institutions affect the degree of uncertainty and transaction costs, we formally show they should affect the steady …
Persistent link: https://www.econbiz.de/10005668472
Persistent link: https://www.econbiz.de/10004996491
competition and cooperation in the economy. Our capacity to empathize with the sentiments and deeds of the others is, however, a …
Persistent link: https://www.econbiz.de/10011944874
It is our natural inclination to find stable patterns and meaning in the chaotic world around us. This assists in our efforts to understand the past and forecast the future. The starting point of this essay is the phrase "dismal science" which is an often used 'epitheton ornans' of economics....
Persistent link: https://www.econbiz.de/10011444410
It is our natural inclination to find stable patterns and meaning in the chaotic world around us. This assists in our efforts to understand the past and forecast the future. The starting point of this essay is the phrase "dismal science" which is an often used 'epitheton ornans' of economics....
Persistent link: https://www.econbiz.de/10011300247
competition and cooperation in the economy. Our capacity to empathize with the sentiments and deeds of the others is, however, a …
Persistent link: https://www.econbiz.de/10011537674