An Evolutionary Approach to Efficiency in the Principal Agent Model PDF Download

Author: Christopher Reece Marshall
Publisher:
ISBN:
Category :
Languages : en
Pages : 212

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Author: Dunn, Malcolm
Publisher: Universitätsverlag Potsdam
ISBN: 3869562471
Category : Business enterprises
Languages : en
Pages : 386

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Book Description
This book deals with the inner life of the capitalist firm. There we find numerous conflicts, the most important of which concerns the individual employment relationship which is understood as a principal-agent problem between the manager, the principal, who issues orders that are to be followed by the employee, the agent. Whereas economic theory traditionally analyses this relationship from a (normative) perspective of the firm in order to support the manager in finding ways to influence the behavior of the employees, such that the latter – ideally – act on behalf of their superior, this book takes a neutral stance. It focusses on explaining individual behavioral patterns and the resulting interactions between the actors in the firm by taking sociological, institutional, and above all, psychological research into consideration. In doing so, insights are gained which challenge many assertions economists take for granted.

Author: Jean-Jacques Laffont
Publisher: Edward Elgar Publishing
ISBN:
Category : Business & Economics
Languages : en
Pages : 726

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Book Description
The economics of asymmetric information has been the most important new tool of economic analysis and has proved powerful in explaining many aspects of the functioning of the economy. This anthology brings together every major paper in the field.

Author: Dominique M. (Dominique Michel) Demougin
Publisher:
ISBN:
Category :
Languages : en
Pages : 29

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Author: M. A. P. Bovens
Publisher: Oxford Handbooks
ISBN: 0199641250
Category : Business & Economics
Languages : en
Pages : 737

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Drawing on the best scholars in the field from around the world, this handbook showcases conceptual and normative as well as the empirical approaches in public accountability studies.

Author: Jon Lundesgaard
Publisher:
ISBN:
Category :
Languages : en
Pages :

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Author: Niamh Moloney
Publisher: OUP Oxford
ISBN: 0191510866
Category : Law
Languages : en
Pages : 817

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The financial system and its regulation have undergone exponential growth and dramatic reform over the last thirty years. This period has witnessed major developments in the nature and intensity of financial markets, as well as repeated cycles of regulatory reform and development, often linked to crisis conditions. The recent financial crisis has led to unparalleled interest in financial regulation from policymakers, economists, legal practitioners, and the academic community, and has prompted large-scale regulatory reform. The Oxford Handbook of Financial Regulation is the first comprehensive, authoritative, and state of the art account of the nature of financial regulation. Written by an international team of leading scholars in the field, it takes a contextual and comparative approach to examine scholarly, policy, and regulatory developments in the past three decades. The first three parts of the Handbook address the underpinning horizontal themes which arise in financial regulation: financial systems and regulation; the organization of financial system regulation, including regional examples from the EU and the US; and the delivery of outcomes and regulatory techniques. The final three Parts address the perennial objectives of financial regulation, widely regarded as the anchors of financial regulation internationally: financial stability, market efficiency, integrity, and transparency; and consumer protection. The Oxford Handbook of Financial Regulation is an invaluable resource for scholars and students of financial regulation, economists, policy-makers and regulators.

Author: Manfred Königstein
Publisher: Springer Science & Business Media
ISBN: 3642457827
Category : Business & Economics
Languages : en
Pages : 205

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Result 1.10 Simple equity standards were superior to more complex ones, even though the latter might be economically more relevant. Result 1.11 Equity based on quantity (input) and return (output) was most successful and received a hit rate of almost i within a range of 10%, i.e., within a distance of ±5% of the predicted share. Result 1.12 A substantial share of observations is consistent with egalitarian considerations. 1.7 Summary The study investigates the predictive power of equity theory and strategic concepts within ultimatum bargaining with advance produc tion. This is different from many other experimental studies on non cooperative bargaining games, since usually the ressource to be dis tributed between the subjects is given by the experimenter. Here, the "pie" is produced via joint production effort. This scenario is more general than bargaining without production, and we think it is more natural as well. The description of the raw data showed that the production choices are considerably dispersed, but nevertheless systematically biased to ward the respective player's efficient production level. The distribu tions of demanded return shares and demanded surplus shares partly replicated findings of other studies; namely, a low percentage of high demands and a considerable proportion of equal surplus splits. But, they also indicate that "advance production" compared to "no pro duction" should be considered an important treatment in studies on ultimatum bargaining.

Author:
Publisher:
ISBN:
Category : Dissertations, Academic
Languages : en
Pages : 532

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Author: Nina Bandelj
Publisher: Emerald Group Publishing
ISBN: 1848553692
Category : Business & Economics
Languages : en
Pages : 426

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Book Description
Economic sociology is a vibrant area of research investigating how social structures, power allocations and cultural understandings shape the production, consumption, distribution and exchange of goods and services. This title intends to apply the economic sociology perspective to issues of work broadly defined.