cornerstone of contract theory. We have conducted an experiment with 720 participants to explore whether the theoretical insights … are reflected by the behavior of subjects in the laboratory and to what extent deviations from standard theory can be … agency theory is indeed useful to qualitatively predict how variations in the degree of uncertainty affect subjects' behavior …

cornerstone of contract theory. We have conducted an experiment with 720 participants to explore whether the theoretical insights … are reflected by the behavior of subjects in the laboratory and to what extent deviations from standard theory can be … agency theory is indeed useful to qualitatively predict how variations in the degree of uncertainty affect subjects' behavior …

This paper applies to adverse selection theory the advances made in the field of ambiguity theory. It shows that i) a …

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 …

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 …

the theory of firm, the theory of market process and the theory of property rights. The second section is dedicated to the …

When Insurers Go Bust applies agency theory and the theories of adverse selection and moral hazard as the motivation …, and transparency. In consequence, ruin theory does not have an operational role. Theory is applied in familiar ways that … inappropriate emphasis on the general theory of excessive risk-taking, which tends to deflect attention from the specific nature of …