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This paper studies an otherwise standard principal-agent problem with hidden information, but whether there are positive production externalities between agents: the output of any agent depends positively on the e¤ort expended by other agents. It is shown that the optimal contract for the principal exhibits two-way distortion: the e¤ort of any agent is oversupplied (relative to the ...rst-best)...
Contests are a common method to describe the distribution of many di¤erent types of rents. Yet in many of these situations the utilisation of the prize plays an important role in determining agentspayo¤s and incentives. In this paper, we investigate the incentives to expend e¤ort for a prize that produces consumption externalities and consider alternative regulatory policies. We nd relatively...
Program Number: 5885 Poster Board Number: C0071 Presentation Time: 8:30 AM–10:15 AM Outer Retinal Tubulation as a Predictor of the Growth Rate of Geographic Atrophy in Age-related Macular Degeneration Amirhossein Hariri1, Muneeswar G. Nittala1, Srinivas R. Sadda1, Eric C. Strauss2, Phillip Lai2, Erin Henry2. 1Doheny Eye Institute, Los Angeles, CA; 2Genentech Inc., South San Francisco, CA. Purpo...
BACKGROUND Despite treatment recommendations from various organizations, oral rehydration therapy (ORT) continues to be underused, particularly by physicians in high-income countries. We conducted a systematic review of randomised controlled trials (RCTs) to compare ORT and intravenous therapy (IVT) for the treatment of dehydration secondary to acute gastroenteritis in children. METHODS RCTs ...
In Unter den Brücken sieht man die Frauen oben auf Brücken. Am Fenster ihres Ullstein-Büros imaginiert Vicki Baum Idee einer Telefonistin vor der Schaltwand und transferiert so ihren Roman in ein Theaterstück. Baum, am Brückengeländer kehren alle Rücken zum übrigen Raum. Und genauso ausgerichtet sitzen auch Studierenden bei berühmten Sit-ins US-Bürgerrechtsbewegung Lunch Counter. Kaum bekannt h...
Grading on the curve, or relative grading is one of the most commonly used grading schemes in education. Under this scheme, each student's grade is determined as a function of his or her percentile rank in the class. According to the law of large numbers, this mechanism is sensitive to changes in the size of the class. As a class size grows, the percentile ranks of students in a class draw clos...
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