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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 following we explain the principal-agent model of Holmström with …
Persistent link: https://www.econbiz.de/10011944900
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 following we explain the principal-agent model of Holmström with …
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
In this study, we use two representative surveysto investigate how competition and cooperation relate on the individual level and whether (and how) they associate with educational attainment. Our first result is that the correlation between competition and cooperation is positive and...
Persistent link: https://www.econbiz.de/10012604937
In our study, we present the concept of locus of control, a non-cognitive ability that is increasingly researched in economics. We then review the economic literature on locus of control and show that people who believe they are in control of their lives are more successful in many areas of...
Persistent link: https://www.econbiz.de/10014468489
In this study, we use two representative surveysto investigate how competition and cooperation relate on the individual level and whether (and how) they associate with educational attainment. Our first result is that the correlation between competition and cooperation is positive and...
Persistent link: https://www.econbiz.de/10012546380
In our study, we present the concept of locus of control, a non-cognitive ability that is increasingly researched in economics. We then review the economic literature on locus of control and show that people who believe they are in control of their lives are more successful in many areas of...
Persistent link: https://www.econbiz.de/10014454489
Over the past two decades, an enormous amount of work has been done to improve the Expected Utility model. Two areas have attracted major attention: the possibility of describing unforeseen contingencies and the need to accomodate the kind of behavior ref
Persistent link: https://www.econbiz.de/10005812177
A tanulmány hozzájárulás kíván lenni a Scitovsky által bevezetett, címben jelzett fogalmak tartalmi tisztázásához, értelmezéséhez. Arra vállalkozom, hogy körüljárjam: pontosan mit is kell (vagy inkább célszerû) érteni árelfogadó/ármeghatározó szereplõk alatt,...
Persistent link: https://www.econbiz.de/10008578170