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Optimal contracts with a risk-taking agent
Barron, Daniel; Georgiadis, George; Swinkels, Jeroen M. - In: Theoretical economics : TE ; an open access journal in … 15 (2020) 2, pp. 715-761
optimally offers a contract that makes the agent's utility concave in output. If the agent is risk-neutral and protected by … concavity constraint might bind for some outputs but not others. We characterize the unique profit-maximizing contract and show …
Persistent link: https://www.econbiz.de/10012308620
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Observable strategies, commitments, and contracts
Wärneryd, Karl Erik - 2014
We consider rules (strategies, commitments, contracts, or computer programs) that make behavior contingent on an opponent's rule. The set of perfectly observable rules is not well defined. Previous contributions avoid this problem by restricting the rules deemed admissible. We instead limit the...
Persistent link: https://www.econbiz.de/10010437999
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Theoretical foundations of relational incentive contracts
Watson, Joel - University of California, San Diego / Department of … - 2021
Persistent link: https://www.econbiz.de/10012887517
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Contracts to promote optimal use of optional diagnostic tests in cancer treatment
Ghamat, Salar; Zaric, Gregory S.; Pun, Hubert - In: Production and operations management : the flagship … 27 (2018) 12, pp. 2184-2200
Persistent link: https://www.econbiz.de/10011970044
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The performance measurement trap
Kuksov, Dmitri; Villas-Boas, J. Miguel - In: Marketing science 38 (2019) 1, pp. 68-87
Persistent link: https://www.econbiz.de/10011999552
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Theoretical foundations of relational incentive contracts
Watson, Joel - In: Annual review of economics 13 (2021), pp. 631-659
Persistent link: https://www.econbiz.de/10012612595
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Optimal afforestation contracts with asymmetric information on private environmental benefits
Anthon, Signe; Thorsen, Bo Jellesmark - 2004
Persistent link: https://www.econbiz.de/10002080239
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Incentive contracts for politicians : a viable supplement to democracies?
Liessem, Verena - 2003
incentive contract stipulates a policy space in which the implemented policy must lie in order that an elected candidate has the …
Persistent link: https://www.econbiz.de/10014075458
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Bidding for Incentive Contracts
Julien, Benoit - 2017
search. A mechanism includes an incentive contract if the meeting is bilateral, and an ex post bidding process, in which … agents make contract offers, if several agents meet the same principal. In equilibrium, the bidding process induces a lottery … because of this contracting risk. This stands in contrast to known results. Hence the optimality of such ex post bidding …
Persistent link: https://www.econbiz.de/10012951239
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Uncertainty, Legal Liability and Incentive Contracts
Evans, John; Kim, Kyonghee; Nagarajan, Nandu J. - 2008
To address agents' moral hazard over effort, incentive contracts impose risk on the agents. As performance measures become noisier, the conventional agency analysis predicts that principals will reduce the incentive weights assigned to such measures. However, prior empirical results (Prendergast...
Persistent link: https://www.econbiz.de/10014027111