Laboratory accident liability: Academic and industrial
نویسندگان
چکیده
منابع مشابه
Accident Risk, Limited Liability and Dynamic Moral Hazard∗
A firm is subject to accident risk, which the manager can mitigate by exerting effort. An agency problem arises because effort is unobservable and the manager has limited liability. The occurrence of accidents is modelled as a Poisson process, whose intensity is controlled by the manager. We use martingale techniques to formulate the manager’s incentive compatibility constraints and to study th...
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ژورنال
عنوان ژورنال: Journal of Chemical Education
سال: 1967
ISSN: 0021-9584,1938-1328
DOI: 10.1021/ed044pa654