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Aron, Debra J. - In: The journal of law, economics, & organization 10 (1994) 1, pp. 1-34

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Ambiguity in partnerships

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Uncertainty in partnerships

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Understanding and managing behavioural risks : the case of food risks caused by malpractice in poultry production

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The probability that actors in economic relationships break rules increases with the profits they thus expect to earn. It decreases with the probability and level of short- and long-term losses resulting from disclosure. It also decreases with the level of social context factors and intrinsic...

Persistent link: https://www.econbiz.de/10010346444

Tournaments with gaps

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Limited liability, moral hazard, and risk taking : a safety net game experiment

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Optimal contracts with a risk-taking agent

Barron, Daniel; Georgiadis, George; Swinkels, Jeroen M. - In: Theoretical economics : TE ; an open access journal in … 15 (2020) 2, pp. 715-761

Consider an agent who can costlessly add mean-preserving noise to his output. To deter such risk-taking, the principal … optimally offers a contract that makes the agent's utility concave in output. If the agent is risk-neutral and protected by … limited liability, this concavity constraint binds and so linear contracts maximize profit. If the agent is risk averse, the …

Persistent link: https://www.econbiz.de/10012308620

Social norms and core outcomes in a sharecropping economy

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Renegotiation-proof tenurial contracts as screening mechanisms

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The Athenian trierarchy : mechanism design for the private provision of public goods

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