Showing 1 - 10 of 3,629
Persistent link: https://www.econbiz.de/10002578887
Persistent link: https://www.econbiz.de/10004882732
We show that prices and incentives recommended by the salesforce literature when targeting a profitable segment can attract unprofitable customers, particularly when salespeople have high productivity and low risk (i.e., risk aversion times uncertainty). Therefore, when customers are...
Persistent link: https://www.econbiz.de/10010667868
A central insight of agency theory is that when a principal offers a contract to a privately informed agent, the … particular, we investigate settings with both exogenous and endogenous information structures. We find that theory is indeed a …
Persistent link: https://www.econbiz.de/10005789080
Persistent link: https://www.econbiz.de/10005719534
This paper applies to adverse selection theory the advances made in the field of ambiguity theory. It shows that i) a …
Persistent link: https://www.econbiz.de/10010734227
This paper applies recent results and advances in the field of ambiguity theory to adverse selection in a delegation …
Persistent link: https://www.econbiz.de/10010691219
The working paper presents a comprehensive overview of the principal-agent model that emphasizes the role of trust in the agency relationship. The analysis demonstrates that the legal remedy for breach of duty can result in a full-information efficient outcome eliminating both moral hazard and...
Persistent link: https://www.econbiz.de/10008685255
Agency theory analyses the effects of contractual behaviour between two parties: principal(s) and agent(s). This … objective is linked with personal contribution, respectively to highlight specificity of agency theory in public sector and the … proposed theme. Little literature approaches agency theory in public sector, in most cases the analysis being restricted to …
Persistent link: https://www.econbiz.de/10011150720