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Vertragstheorie - ausgewählte Ansatzpunkte zur Betrugsbekämpfung und insbesondere das Problem der Sanktionierung von ertappten … using existing results of contract theory. …
Persistent link: https://www.econbiz.de/10009401217
incentives for afforestation on private land. Contracts between the state and landowners are a common way to do this. Often … monetary incentives are used as the primary way to heighten the acceptance rate of the contracts, however, little is known with … the effects of: main purpose of the afforestation, value of the option to denounce contract, size of afforested area and …
Persistent link: https://www.econbiz.de/10011201018
Persistent link: https://www.econbiz.de/10004998571
existing approaches to its generalization, and offers a new variant of general theory of the firm based on the contract theory …
Persistent link: https://www.econbiz.de/10010860817
Persistent link: https://www.econbiz.de/10005370740
Economic theories of the last decades provide analytical framework within which we can explain institutional conditions for corrupt action. Specialists making economic policy recommendations to resolve this problem use several approaches, the most dominant of which are rent seeking and agency...
Persistent link: https://www.econbiz.de/10005256958
This article provides evidence on the determinants of the compensation arrangements used in franchise relationships. While the empirical literature has studied two of these compensation arrangements – the royalty rate and the up-front franchise fee – this work expands the analysis to another...
Persistent link: https://www.econbiz.de/10005701917
describes a graphical approach to the standard principal-agent model. Characterizing equilibrium in the contract space defined … by the incentive parameter and insurance component of pay under a linear contract, this approach provides a simple and …
Persistent link: https://www.econbiz.de/10005464431
We study a combinatorial variant of the classical principal-agent model. In our setting a principal wishes to incentivize a team of strategic agents to exert costly effort on his behalf. Agentsʼ actions are hidden and the principal observes only the outcome of the team, which depends...
Persistent link: https://www.econbiz.de/10011042925
Many incentive contracts are based on subjective evaluations and contractual disputes depend on judges’ decisions …
Persistent link: https://www.econbiz.de/10010994418