Showing 1 - 10 of 25,493
workers' environments and incentive pay. The authors employ Prendergast's (2002) theory that incorporates the delegation of … delegation of worker decision rights …
Persistent link: https://www.econbiz.de/10013137206
-- Agency Theory ; Risk versus Incentives Tradeoff ; Delegation of Worker Authority ; Performance Pay …
Persistent link: https://www.econbiz.de/10009273091
of stocks in the benchmark. This paper studies the optimal delegation contract when there is principal-agent friction … principal and the agent, and on equilibrium asset prices. When agency friction is severe, the optimal contract provides rewards …
Persistent link: https://www.econbiz.de/10014353519
Persistent link: https://www.econbiz.de/10000674571
exogenous risk and delegation. That is, we show that only if exogenous risk is sufficiently large, the risk-neutral principal … when the risk-averse agent has control. -- Delegation ; authority ; risk ; partial contracting …
Persistent link: https://www.econbiz.de/10003566282
How does imperfect contractibility of preferences influence the governance of a contractual relationship? We analyze a two-party decision-making problem where the optimal decision is unknown at the time of contracting. In consequence, instead of contracting on the decision directly, the parties...
Persistent link: https://www.econbiz.de/10013310610
Persistent link: https://www.econbiz.de/10001405274
Persistent link: https://www.econbiz.de/10001227489
Persistent link: https://www.econbiz.de/10001418929
Persistent link: https://www.econbiz.de/10001219710