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We investigate the innovation rate under the impact of business cycles to understand R&D activities and to derive implications for public policies. Combining price competition and endogenous market structure with the framework of dynamic game, we study the Markov perfect equilibrium where...
Persistent link: https://www.econbiz.de/10009471538
While advance booking programs have been shown to be effective for …firms to manage uncertain demand, the effectiveness of such programs is unclear when supply, demand, and price risks are present in a supply chain. Motivated by an advance booking program for managing these three types of...
Persistent link: https://www.econbiz.de/10009441183
This dissertation includes two essays on adverse selection and moral hazard problems in reinsurance markets. The first essay builds a competitive principal-agent model that considers adverse selection and moral hazard jointly, and characterizes graphically various forms of separating Nash...
Persistent link: https://www.econbiz.de/10009463429
This dissertation considers three topics in professional advising and forecasting. Chapter 1 examines a principal's optimal contracting with experts. In an environment where experts have heterogeneous private signal distributions and type dependent reservation utilities, we show that the...
Persistent link: https://www.econbiz.de/10009476989
rigidities. Neoclassical implicit contract theory has been vindicated. Or has it? Obvious empirical difficulties remain … the processes of production and exchange, principles of an alternative conceptualization of contract theory are sketched … local labor markets, part 2: reinterpreting contract theory', Environment and Planning A, 15(3), 365-377. [Available at http://www.envplan.com/A.html]. …
Persistent link: https://www.econbiz.de/10009441459
Published by Asociación de Economistas Agrarios de Chile
Persistent link: https://www.econbiz.de/10009443683
. Ausgehend von verschiedenen Aspekten der Vertragstheorie erfolgt eine Spezifikation auf die Besonderheiten des Gesundheitswesens … providers. An introduction to relevant aspects of contract theory is followed by their adaptation to the characteristics of the … conflicts of interest once a contract has been sealed (ex post). The theory based conclusions are contrasted with the situation …
Persistent link: https://www.econbiz.de/10009485586
Hintergrund der Untersuchung ist die zunehmende Bedeutung von Humankapital als wettbewerbsentscheidendem Produktionsfaktor in modernen humankapitalintensiven Unternehmungen. Es stellt sich die Frage nach den Auswirkungen der Bedeutungszunahme und der Regelung des „Primärhumankapitals“, also...
Persistent link: https://www.econbiz.de/10009467060
concepts drawn from transaction cost theory andagency theory, this dissertation develops a model that draws attention to … management information alter the organizational design outcomespredicted by the two theory bases above. The foundational … arguments regarding firmboundaries and structure are based on the two contracting modes of agency theory,behavioral and outcome …
Persistent link: https://www.econbiz.de/10009429360