نتایج جستجو برای: ante moral hazard
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Preference-aggregation problems arise in various contexts. One such context, little explored by social choice theorists, is metaethical. ‘Idealadvisor’ accounts, which have played a major role in metaethics, propose that moral facts are constituted by the idealized preferences of a community of advisors. Such accounts give rise to a preference-aggregation problem: namely, aggregating the adviso...
The historical debate on the Italian Resistance (1943-1945) continues to be a controversial one, particularly because it is inextricably mixed with the assessment of Fascism. The marked politicisation of the debate has often led the “victors” to raise the partisan struggle to the status of a myth, while the “vanquished” have on various occasions tried to diminish it and gain moral rehabilitatio...
Consider Holmströms moral hazard in teams problem when there are n agents, each agent i has an ai-dimensional strategy space and output is m-dimensional. We show that a compensation mechanism that satis es budget balance, limited liability and implements an e¢ cient allocation generically exists if and only if Pn i=1 ai=(n 1) < m. Moreover, under a weak additional condition, the equilibrium im...
1 Utilizing rich data on nearly 11,000 educators over 17 academic years in a highly diverse context, we examine the career paths of teachers to determine whether and when they transition into the principalship. We utilize a variety of event history analyses, including discrete-time hazard modeling, to determine how an individual’s race, gender, and their combination among other characteristics ...
I investigate the interaction between international trade and national institutional development in an environment characterized by heterogeneous individuals choosing their education levels to maximize their utilities; and institutions alleviating moral hazard by allowing managers to better observe and verify the productive efforts of workers. Liberalized trade allows institutions to serve as i...
∗Department of Economics, Michigan State University; [email protected]. All errors are our own.
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