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Existence of optimal mechanisms in principal-agent problems

Kadan, Ohad; Reny, Philip J.; Swinkels, Jeroen M. - In: Econometrica : journal of the Econometric Society, an … 85 (2017) 3, pp. 769-823

Persistent link: https://www.econbiz.de/10011778813

Informed principals in the credit market when borrowers and lenders are heterogeneous

Barigozzi, Francesca; Tedeschi, Piero - 2016

. Technically, we solve a Contract Proposal Game where informed principals (borrowers) offer different menus of contracts to … equilibria in Contract Proposal Games. …

Persistent link: https://www.econbiz.de/10011705659

Entrepreneurial experiences from venture capital funding : exploring two-sided information asymmetry

Glücksman, Sarah - In: Venture capital : an international journal of … 22 (2020) 4, pp. 331-354

Persistent link: https://www.econbiz.de/10012424546

Does say-on-pay benefit shareholders?

Vithayathil, Joseph; Shivendu, Shivendu - In: International journal of corporate governance : IJCG 11 (2020) 3/4, pp. 223-264

Persistent link: https://www.econbiz.de/10012597706

Limit of the principal's information

Hori, Kazumi - In: Theoretical economics letters 7 (2017) 2, pp. 210-217

Persistent link: https://www.econbiz.de/10011660290

Fairness, adverse selection, and employment contracts

Siemens, Ferdinand von - 2005 - This Version: July 2005

This paper considers a firm whose potential employees have private information on both their productivity and the extent of their fairness concerns. Fairness is modelled as inequity aversion, where fair-minded workers suffer if their colleagues get more income net of production costs. Screening...

Persistent link: https://www.econbiz.de/10010440434

The lemon market of insolvency proceedings in Spain in the new normal : information, asymmetry, and adverse selection problems

Olabarrieta, Unai; San-Jose, Leire; Araujo, Andrés - In: Cogent business & management 10 (2023) 3, pp. 1-16

Insolvency proceedings are strategic for the competitiveness of a national economy. The new law, but also new financial situation of organizations affect the new normal of insolvency framework. In Europe, standards aimed at creating an efficient framework for corporate insolvency resolution are...

Persistent link: https://www.econbiz.de/10014505998

Dynamic, incentive-compatible contracting for health services

Levaggi, Rosella; Moretto, Michele; Pertile, Paolo - 2023

This paper aims to characterise a dynamic, incentive-compatible contract for the provision of health services, allowing … private information of the provider. We characterise the optimal dynamic contract and show that it is made up of two …, which is affected by both patient and hospital characteristics. To illustrate the characteristics of the dynamic contract …

Persistent link: https://www.econbiz.de/10014342117

Unraveling the Peltzman effect : the significance of agent's type

Grabiszewski, Konrad; Horenstein, Alex - In: Review of law and economics : publ. in cooperation with … 20 (2024) 1, pp. 65-82

Persistent link: https://www.econbiz.de/10014580110

Chapter 2. Agency, Information and Corporate Investment

Stein, Jeremy C. - 2003

This essay surveys the body of research that asks how the efficiency of corporate investment is influenced by problems of asymmetric information and agency. I organize the material around two basic questions. First, does the external capital market channel the right amount of money to each firm?...

Persistent link: https://www.econbiz.de/10014023874