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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
incentives of the entrepreneur, but there is no consensus whether its overall effect is positive or negative if we take into … value. Moreover, a well-designed subsidy scheme improves incentives and instead of crowding out it boosts private financing …
Persistent link: https://www.econbiz.de/10010494606
incentives of the entrepreneur, but there is no consensus whether its overall effect is positive or negative if we take into … value. Moreover, a well-designed subsidy scheme improves incentives and instead of crowding out it boosts private financing …
Persistent link: https://www.econbiz.de/10010429128
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