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experiment with funding contracts that differ in the structure of investor repayment and, therefore, in the incentives for …
Persistent link: https://www.econbiz.de/10010579490
experiment with funding contracts that differ in the structure of investor repayment and, thus, in their incentives for the …
Persistent link: https://www.econbiz.de/10011155043
experiment with funding contracts that differ in the structure of investor repayment and, therefore, in the incentives for …
Persistent link: https://www.econbiz.de/10011070867
experiment with four types of contracts (standard debt contract, outside equity, non-monotonic contract, full-subsidy contract …) that differ in the structure of investor repayment and, therefore, in the incentives for entrepreneurial effort provision …
Persistent link: https://www.econbiz.de/10009325864
empirical inquiries. Researchers have found that mismanagement is often a consequence of misplaced incentives. This paper tries … incentives. An introduction is given as a short overview of the healthcare sector with its economical specialties. This is … followed by an outline of some well established contract models and their effect on the demander’s incentives. The paper …
Persistent link: https://www.econbiz.de/10005464729
Israel’s compliance with International Organization of Securities Commissions’ objectives and Principles of Securities Regulation has been assessed. The regulatory regime is well developed and in most respects is comparable with that of major jurisdictions. For the most part, it is...
Persistent link: https://www.econbiz.de/10011242660
A simple folk theorem of repeated games states that Pareto-efficient outcomes can be achieved in a perfect equilibrium where deviations are punished by a reversion to Nash equilibrium of the associated stage game (Nash threats equilibrium), provided that players are sufficiently patient. In a...
Persistent link: https://www.econbiz.de/10008852273
In this article, a dynamic Principal–Agent model with discrete actions is analysed from a Multi-Objective optimization framework. As a result, a concave Pareto Frontier is numerically approximated. The concavity of the Pareto Frontier is a consequence of the information asymmetry between the...
Persistent link: https://www.econbiz.de/10010989299
We consider how to organize the processing and marketing of an agricultural product when farming costs are known only by the individual farmers. We show that when marginal costs are un-correlated and the market for final goods is competitive, the socially optimal production levels may be...
Persistent link: https://www.econbiz.de/10005220532
effect on incentives. Public provision of low-powered incentive contracts issued on generous terms is also a potent …
Persistent link: https://www.econbiz.de/10005077139