Author: Ian D. JewittPublisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
Justifying the First-order Approach to Principal Agent Problems
Author: Ian D. JewittJustifying the First Order Approach to Principal Agent Problems
Author: Ian JewittThe first-order approach to principal-agent problems
Author: William P. RogersonThe Principal Agent Model
Author: Jean-Jacques LaffontPublisher: Edward Elgar Publishing
ISBN:
Category : Business & Economics
Languages : en
Pages : 726
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.
Microeconomic Theory
Author: James BerginPublisher: OUP Oxford
ISBN: 0191608580
Category : Business & Economics
Languages : en
Pages : 384
Book Description
Microeconomic Theory is based on lecture notes for a graduate course in microeconomic theory. It covers a broad range of topics, and to some extent the lecture structure is retained in the style of the book. The author provides a clear account of the main ideas in each area concisely, and in some depth of detail. The presentation is at an advanced level and provides succinct coverage of the material in a self contained discussion. Chapters are organized and written independently making it possible to read any chapter without having read earlier material. Each chaper is written on the presumption that the reader has some familiarity with the topics or issues under discussion but would value further discussion, or a second point of view . While much of the material is mainstream, a substantial portion is not available in existing textbooks. The book covers a range of topics appearing in advanced courses in microeconomic theory. Coverage includes such topics as decision theory, strategic and extensive form games, auctions, bargaining, information models, principal- agent problems, signalling and screening games, cooperative games and models of learning.
Essays in Accounting Theory in Honour of Joel S. Demski
Author: Rick AntlePublisher: Springer Science & Business Media
ISBN: 0387303995
Category : Business & Economics
Languages : en
Pages : 334
Book Description
The integration of accounting and the economics of information developed by Joel S. Demski and those he inspired has revolutionized accounting thought. This volume collects papers on accounting theory in honor of Professor Demski. The book also contains an extensive review of Professor Demski’s own contributions to the theory of accounting over the past four decades.
Real Options and Investment Incentives
Author: Gunther FriedlPublisher: Springer Science & Business Media
ISBN: 3540482687
Category : Business & Economics
Languages : en
Pages : 129
Book Description
This work analyzes the problem of delegated decision-making within firms when investment projects are characterized by the possibility to make subsequent decisions after the initial investment decision has been made. By analyzing this question, the monograph combines and unifies two important lines of literature: on the one hand the literature on controlling investment decisions, on the other hand the investment valuation literature.
The Handbook of the Economics of Corporate Governance
Author: Benjamin HermalinPublisher: Elsevier
ISBN: 0444635408
Category : Business & Economics
Languages : en
Pages : 762
Book Description
The Handbook of the Economics of Corporate Governance, Volume One, covers all issues important to economists. It is organized around fundamental principles, whereas multidisciplinary books on corporate governance often concentrate on specific topics. Specific topics include Relevant Theory and Methods, Organizational Economic Models as They Pertain to Governance, Managerial Career Concerns, Assessment & Monitoring, and Signal Jamming, The Institutions and Practice of Governance, The Law and Economics of Governance, Takeovers, Buyouts, and the Market for Control, Executive Compensation, Dominant Shareholders, and more. Providing excellent overviews and summaries of extant research, this book presents advanced students in graduate programs with details and perspectives that other books overlook. Concentrates on underlying principles that change little, even as the empirical literature moves on Helps readers see corporate governance systems as interrelated or even intertwined external (country-level) and internal (firm-level) forces Reviews the methodological tools of the field (theory and empirical), the most relevant models, and the field’s substantive findings, all of which help point the way forward
Financial Economics, Risk And Information (2nd Edition)
Author: Bianconi MarceloPublisher: World Scientific Publishing Company
ISBN: 9814405124
Category : Business & Economics
Languages : en
Pages : 496
Book Description
Financial Economics, Risk and Information presents the fundamentals of finance in static and dynamic frameworks with focus on risk and information. The objective of this book is to introduce undergraduate and first-year graduate students to the methods and solutions of the main problems in finance theory relating to the economics of uncertainty and information. The main goal of the second edition is to make the materials more accessible to a wider audience of students and finance professionals. The focus is on developing a core body of theory that will provide the student with a solid intellectual foundation for more advanced topics and methods. The new edition has streamlined chapters and topics, with new sections on portfolio choice under alternative information structures. The starting point is the traditional mean-variance approach, followed by portfolio choice from first principles. The topics are extended to alternative market structures, alternative contractual arrangements and agency, dynamic stochastic general equilibrium in discrete and continuous time, attitudes towards risk and towards inter-temporal substitution in discrete and continuous time; and option pricing. In general, the book presents a balanced introduction to the use of stochastic methods in discrete and continuous time in the field of financial economics.
A Comprehensive Assessment of the Role of Risk in U.S. Agriculture
Author: Richard E. JustPublisher: Springer Science & Business Media
ISBN: 1475735839
Category : Technology & Engineering
Languages : en
Pages : 580
Book Description
After all the research on agricultural risk to date, the treatment of risk in agricultural research is far from harmonious. Many competing risk models have been proposed. Some new methodologies are largely untested. Some of the leading empirical methodologies in agricultural economic research are poorly suited for problems with aggregate data where risk averse behavior is less likely to be important. This book is intended to (i) define the current state of the literature on agricultural risk research, (ii) provide a critical evaluation of economic risk research on agriculture to date and (iii) set a research agenda that will meet future needs and prospects. This type of research promises to become of increasing importance because agricultural policy in the United States and elsewhere has decidedly shifted from explicit income support objectives to risk-related motivations of helping farmers deal with risk. Beginning with the 1996 Farm Bill, the primary set of policy instruments from U.S. agriculture has shifted from target prices and set aside acreage to agricultural crop insurance. Because this book is intended to have specific implications for U.S. agricultural policy, it has a decidedly domestic scope, but clearly many of the issues have application abroad. For each of the papers and topics included in this volume, individuals have been selected to give the strongest and broadest possible treatment of each facet of the problem. The result is this comprehensive reference book on the economics of agricultural risk.