Showing 41 - 50 of 640,175
Persistent link: https://www.econbiz.de/10010517077
Persistent link: https://www.econbiz.de/10010357442
Persistent link: https://www.econbiz.de/10010247653
I examine how a firm's opportunity to verify information influences the joint use of verifiable and unverifiable information for incentive contracting. I employ a simple two-period agency model, in which contract frictions arise from limited liability and the potential unverifiability of the...
Persistent link: https://www.econbiz.de/10010200420
This paper studies the structure of optimal finance contracts in an agency model of outside finance, when investors possess private information. We show that, depending on the intensity of the entrepreneur's moral hazard problem, optimal contracts induce full, partial, or no revelation of the...
Persistent link: https://www.econbiz.de/10010366545
Persistent link: https://www.econbiz.de/10011436667
Persistent link: https://www.econbiz.de/10010470994
This paper studies the use of information for incentives and risk sharing in agency problems. When the principal is risk neutral or the outcome is contractible, risk sharing is unnecessary or completely taken care of by a contract on the outcome. In this case, information systems are ranked...
Persistent link: https://www.econbiz.de/10010477080
Im Rahmen der Institutionellen Mikroökonomie hat die Agency-Theorie in jüngster Zeit einen hohen Stellenwert erlangt …. Die normative, auch als Principal-Agent-Theorie bezeichnete Ausrichtung, die Gegenstand dieses Buches ist, hat sich das … Literaturvorschlägen zur Optimierung von Delegationsbeziehungen im Rahmen der Principal-Agent-Theorie anhand eines Klassifikationsschemas …
Persistent link: https://www.econbiz.de/10010428620
Persistent link: https://www.econbiz.de/10010486995