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Optimal contracts for renewable electricity
Parlane, Sarah; Ryan, Lisa - 2019
Companies are increasingly choosing to procure their power from renewable energy sources, with their own set of potential challenges. In this paper we focus on contracts to procure electricity from renewable sources that are inherently unreliable (such as wind and solar). We determine the...
Persistent link: https://www.econbiz.de/10012063073
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Monitoring and prudence
Beltrametti, Luca F.; Cardullo, Gabriele - 2024
We study the impact of monitoring in a workplace context where both firms and employees are unable to perfectly observe the individual worker contribution to total output. Therefore, in our setting monitoring is not aimed at reducing information asymmetries but still affects effort and output....
Persistent link: https://www.econbiz.de/10014534559
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Risk, Balanced Skills and Entrepreneurship
Hsieh, Chihmao; Parker, Simon C.; van Praag, C. Mirjam - 2011
-averse peoplemight be suited to entrepreneurship; and it may also help explain why prior researchhas generated mixed evidence about the … effects of risk aversion on selection into entrepreneurship. …
Persistent link: https://www.econbiz.de/10010326409
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Risk, balanced skills and entrepreneurship
Hsieh, Chihmao; Parker, Simon C.; van Praag, Mirjam - 2011
the impacts both of risk aversion and balanced skills on the likelihood individuals choose entrepreneurship. Data on Dutch …-averse people might be suited to entrepreneurship; and it may also help explain why prior research has generated mixed evidence … about the effects of risk aversion on selection into entrepreneurship. …
Persistent link: https://www.econbiz.de/10010282614
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Risk, balanced skills and entrepreneurship
Hsieh, Chihmao; Parker, Simon C.; Praag, Mirjam van - 2011
Persistent link: https://www.econbiz.de/10009720700
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Optimal management of supply disruptions when contracting with unreliable, risk-averse, suppliers
Parlane, Sarah; Tsai, Yingyi - 2017
This paper investigates the optimal management of supply disruptions by a manufacturer who uses order inflation and/or investments in process reliability when contracting two risk-averse suppliers. We consider that these investments can be subject to moral hazard. Technically we solve a...
Persistent link: https://www.econbiz.de/10011665554
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Optimal contracts for renewable electricity
Parlane, Sarah; Ryan, Lisa - 2019
Companies are increasingly choosing to procure their power from renewable energy sources, with their own set of potential challenges. In this paper we focus on contracts to procure electricity from renewable sources that are inherently unreliable (such as wind and solar). We determine the...
Persistent link: https://www.econbiz.de/10012389345
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The optimality of simple contracts : moral hazard and loss aversion
Herweg, Fabian (contributor); Müller, Daniel (contributor) - 2008
This paper extends the standard principal-agent model with moral hazard to allow for agents having reference-dependent preferences according to Köszegi and Rabin (2006, 2007). The main finding is that loss aversion leads to fairly simple contracts. In particular, when shifting the focus from...
Persistent link: https://www.econbiz.de/10003782366
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Risk Aversion or Risk Management?: How Measures of Risk Aversion Affect Firm Entry and Firm Survival
Cho, In Soo; Orazem, Peter - Department of Economics, Iowa State University - 2011
The link between measured risk aversion and the decision to become an entrepreneur is well established, but the link between risk preferences and entrepreneurial success is not. Standard theoretical models of occupational choice under uncertainty imply a positive correlation between an...
Persistent link: https://www.econbiz.de/10009275520
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"A nation of poets and thinkers" : less so with Eastern enlargement? ; Austria and Germany
Marin, Dalia - 2004
Many people in the European Union fear that Eastern Enlargement will lead to major job losses. More recently, these fears about job losses have extended to high skill labor and IT jobs. The paper examines with new firm level data whether these fears are justified for the two neighboring...
Persistent link: https://www.econbiz.de/10010371087