Search Results - subject:"Prinzipal-Agent-Theorie"

Licensing resource exploitation with endogenous and privately known reserves

Jääskeläinen, Jarmo; Lappi, Pauli - 2026

We design optimal mechanism to collect revenues from nonrenewable resource exploitation, when the resource must be explored and discovered and when there is asymmetric information. The exploration effort may result in a discovery that is revealed only to the firm, and the effort is not observed...

Persistent link: https://www.econbiz.de/10015617653

Economics of prompting AI

Uras, Burak; Zaccaria, Niccolò - 2026

Persistent link: https://www.econbiz.de/10015619568

The impact of subjective school ratings on principal compensation and turnover

Hussain, Iftikhar; Scrutinio, Vincenzo; Telhaj, Shqiponja - 2026

Persistent link: https://www.econbiz.de/10015563916

Why do family firms hold cash? : agency conflicts and valuation perspectives

Tayem, Ghada; Abu Ghunmi, Diana; Bino, Adel; Tayeh, Mohammad - 2026

This study aims to examine whether family firms differ from nonfamily firms in their propensity to save cash, particularly in response to new investment opportunities, and to assess how investors value the cash holdings of family versus nonfamily firms in light of potential agency concerns. The...

Persistent link: https://www.econbiz.de/10015611266

The effect of a bonus cap on compensation structure in the banking sector

Rutten, Albert; Witteman, Joost - 2026

Persistent link: https://www.econbiz.de/10015611641

Selected European law challenges related to the use of artificial intelligence payment agents

Grabowski, Michał; Costea, Iulia - 2026 - Version: 26 February 2026

This article examines the EU-law challenges arising from the use of artificial intelligence for payment initiation and execution (“Payment Agents”) under European Union law. It focuses on Payment Agents that support purchasing workflows and are capable of initiating payments in both...

Persistent link: https://www.econbiz.de/10015612290

Monetary policy committees, independence, and influence

Colla de Robertis, Esteban - 2026

We develop a model of monetary policy committee decision-making, building on the framework of games played through agents (GPTA). Interest groups seek to influence policy by offering action-contingent contracts to committee members. The resulting equilibrium admits a simple characterization and...

Persistent link: https://www.econbiz.de/10015615291

Strategy-proof mechanism design with boundedly rational agents : theory and experiment

Nishizaki, Katsuhiko - 2026

In a strategy-proof mechanism, implementation theory mostly assumes that each agent is rational in the sense that the agent reveals its true preference to induce its most preferred outcome. This assumption is sufficient to guarantee that the agent seeks such an outcome, but not necessary because...

Persistent link: https://www.econbiz.de/10015615338

Delegation and verification under AI

Huang, Lingxiao; Xiao, Wenyang; Vishnoi, Nisheeth K. - 2026

Persistent link: https://www.econbiz.de/10015615689

Dynamic adverse selection with flow limited liability : a closed-form approach to price regulation

Di Corato, Luca; Moretto, Michele - 2026

This paper studies a continuous-time regulatory problem in which a firm holds persistent private information about demand and is subject to a flow limited-liability constraint. The regulator regulates prices through a dynamic mechanism that ensures truthful reporting of the evolving type....

Persistent link: https://www.econbiz.de/10015616443