setting with moral hazard and risk-averse agents who have private information on their ability. Two heterogenous firms …, high-ability agents are over-incentivized and bear too much risk. For a range of intermediate degrees of competition …

economic theory to address this issue. We find that the relation between the appropriate compensation and the mean and median …, as well as the degree of risk aversion. Since the consumption uncertainty associated with compensation generally exceeds …

. Therefore, this article aims to probe the risk-averse attitude of FRM suppliers in the face changing marketing environments, in … order to establish a decision-making theory as a standard reference for optimization methods to satisfy the maximum expected …

percent of mean income. In this paper we use economic theory to determine the relation between the appropriate make …

percent of mean income. In this paper we use economic theory to determine the relation between the appropriate make …