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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
Persistent link: https://www.econbiz.de/10001919209
Persistent link: https://www.econbiz.de/10001246226
, processed intermediates, and horticulture, with the greatest significance of successful quality competition and one-way exports …, and the lowest significance of unsuccessful price and unsuccessful quality competition. The duration of relative trade … advantages is longer than the duration for the successful trade competition categories. Our results confirm that the relative …
Persistent link: https://www.econbiz.de/10003755328
three-player model (entrepreneur, bank, state) that under moral hazard and positive externalities state subsidy creates …
Persistent link: https://www.econbiz.de/10010494606
three-player model (entrepreneur, bank, state) that under moral hazard and positive externalities state subsidy creates …
Persistent link: https://www.econbiz.de/10010429128
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