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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
It is a highly disputed question in the literature how state subsidy influences the behavior of the entrepreneurs and accordingly the growth prospects of the economy. Most authors agree that state intervention in financing deteriorates the incentives of the entrepreneur, but there is no...
Persistent link: https://www.econbiz.de/10010494606
It is a highly disputed question in the literature how state subsidy influences the behavior of the entrepreneurs and accordingly the growth prospects of the economy. Most authors agree that state intervention in financing deteriorates the incentives of the entrepreneur, but there is no...
Persistent link: https://www.econbiz.de/10010429128
venture capital industry is growing worldwide, more and more legal expert is facing this kind of contract - and the regulation … (or lack of regulation) of it. The doctoral study's main goal is to give a legal-based definition for venture capital … on result) in exchange for realizing a certain financial or business development that have to be achieved by the company …
Persistent link: https://www.econbiz.de/10013043396
We apply the set up of limited commitment model to empirically test the role of informal risk-sharing networks using panel data on informal credit transactions from rural Ethiopia. The empirical estimates provide convincing evidence for the belief that enforcement problem limits the direct role...
Persistent link: https://www.econbiz.de/10009642442
Privatization in Estonia has produced varied ownership configurations. This enables hypotheses on the productivity effects of different ownership forms to be tested. Findings are based on fixed effects production function models and are estimated using a large, random sample of firms. Depending...
Persistent link: https://www.econbiz.de/10005677677
translation of innovation into economic growth. It is suggested that generating a development strategy designed to improve social … development …
Persistent link: https://www.econbiz.de/10009370176
growth, which is in line with the idea that economic development is driven by political development. Furthermore, only when … findings in the sense that limited government is the path towards economic development, being a pre-condition for poor …
Persistent link: https://www.econbiz.de/10005668472
from 1 January, 2005. WIll this lead increase in resources deveoted to R and D by Indian companies for the development of … for developing new drugs for neglected diseases? Can India contribte to lowering the cost of new drug development and make …
Persistent link: https://www.econbiz.de/10004988399