It is shown by robust example that if a household's financial budget and its Gossenian time budget are binding in equilibrium then at least one commodity must be inferior in the household's consumption.

Governance in organizations according to traditionalagency theory is based on the premise that managersand employees do not have identical goals. As aconsequence, employees need to be monitored andcontrolled. If legal contracts are not sufficient forproper control, incentive contracts should be...