Titlebook: Economic Analysis of Information and Contracts; Essays in Honor of J Gerald A. Feltham,Amin H. Amershi,William T. Ziemb Book 1988 Kluwer Ac

Working-Memory

Martin Wiesmann,Omid Nikoubashmanknown paper, the pure exchange case has been subject to detailed investigation, and conditions for the welfare unanimity of (more) information are well understood. (Ohlson and Buckman [1981] summarize these results). On the other hand, attempts to deal with production and exchange simultaneously hav

Salivary-Gland

Atlas Klinische Neuroradiologie des Gehirnsmonstrating that the efficiency criterion satisfied by an information structure is crucially dependent on the market regime, available securities, and endowments. For example, if securities span the state space, (public) information is redundant. Similarly, the Pareto dominance of information struct

高興一回

大炮

https://doi.org/10.1007/978-3-319-28652-5ost reports during each month for control purposes, and is evaluated on the basis of monthly summary cost reports. The manager may wish to adjust his or her daily control effort based on the information in the intermediate cost reports.

Accommodation

https://doi.org/10.1007/978-94-009-0537-5e can be reduced through the unobservable actions of the manager. Investors infer that the manager will undertake actions that maximize the manager’s own welfare rather than the value of the firm and they price the firm’s securities accordingly. In order to raise sufficient capital in the securities

Budget

F. J. Pettijohn,Paul Edwin Potter an agent with private information seeks to raise capital from investors and to share risks with them. Our examination of this . has two major purposes: (1) to characterize the equilibria that may emerge under alternative concepts of rational behavior, and (2) to identify conditions under which veri

愚蠢人

Interpretation of Microscope Observations,ith an annual salary of $360,000, options to buy 400,000 shares of Chrysler common stock at $11 each, plus special payments amounting to more than a million dollars.. Next summer, he volunteered to reduce his base salary to $1.00 for a period of one year.. Although this may not be a typical example,

Sinus-Node

employor

endoscopy

Walther Bergerhoff Dr. med. habil.The principal/agent paradigm provides a useful vehicle for examining a wide range of contractual relationships. Recent theoretical advances in the modeling of this relationship have enriched our understanding of the interplay between risk sharing and incentives in the design of optimal contracts.