Contract Incentives and Effort
نویسندگان
چکیده
منابع مشابه
Bank incentives, contract design and bank runs
We study the Diamond-Dybvig [3] model as developed in Green and Lin [5] and Peck and Shell [7]. We dispense with the notion of a bank as a coalition of depositors. Instead, our bank is a self-interested agent with a technological advantage in recordkeeping. We examine the implications of the resulting agency problem for the design of bank contracts and the possibility of bank-run equilibria. Fo...
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Abstract: The processed potato industry is highly vertically coordina ted though the use of production contracts between growers and processors. Contracts in this industry are primarily used to combat market thinness and potato quality requirements. This study uses a two period principle-agent model to describe the incentives inherit in processing potato production contracts. Actual processor p...
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We consider a basic model of a risk-neutral principal incentivizing a risk neutral agent to exert effort in order to raise the arrival rate of a Poisson process. The effort is costly to the agent, unobservable to the principal, and affects the instantaneous arrival rate. Each arrival yields a constant revenue to the principal. The principal, therefore, devises a mechanism involving payments and...
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ژورنال
عنوان ژورنال: Journal of Real Estate Research
سال: 2010
ISSN: 0896-5803,2691-1175
DOI: 10.1080/10835547.2010.12091290