Moral Hazard in Teams and Repeated Partnership
Author : Claude d' Aspremont
Publisher :
Page : 21 pages
File Size : 29,92 MB
Release : 1993
Category :
ISBN :
Author : Claude d' Aspremont
Publisher :
Page : 21 pages
File Size : 29,92 MB
Release : 1993
Category :
ISBN :
Author : Martin Gaynor
Publisher :
Page : 32 pages
File Size : 21,48 MB
Release : 1990
Category : Competition
ISBN :
Author : María Paz Espinosa
Publisher :
Page : 31 pages
File Size : 42,43 MB
Release : 2000
Category :
ISBN :
Author : Ayca Kaya
Publisher :
Page : 0 pages
File Size : 35,10 MB
Release : 2020
Category :
ISBN :
We examine how equilibrium sorting patterns in a matching market for partnerships are impacted by the presence of bilateral moral hazard in a repeated production setting. We find that this impact depends on how the cost of moral hazard manifests itself - whether efficient effort is not feasible or desirable from the beginning, or whether inefficient effort is resorted to only as a punishment equilibrium. Which of these is the case depends both on the details of the technology and the contractual environment. In the former case, the presence of moral hazard moves the market away from positive sorting. In the latter case, whether moral hazard favors positive or negative sorting depends on how the power of incentives needed to implement effort varies with the observable types of the agents.
Author :
Publisher :
Page : 32 pages
File Size : 12,39 MB
Release : 1990
Category :
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Author : R.J. Aumann
Publisher : Elsevier
Page : 824 pages
File Size : 28,3 MB
Release : 1992
Category : Business & Economics
ISBN : 9780444894274
This is the second of three volumes surveying the state of the art in Game Theory and its applications to many and varied fields, in particular to economics. The chapters in the present volume are contributed by outstanding authorities, and provide comprehensive coverage and precise statements of the main results in each area. The applications include empirical evidence. The following topics are covered: communication and correlated equilibria, coalitional games and coalition structures, utility and subjective probability, common knowledge, bargaining, zero-sum games, differential games, and applications of game theory to signalling, moral hazard, search, evolutionary biology, international relations, voting procedures, social choice, public economics, politics, and cost allocation. This handbook will be of interest to scholars in economics, political science, psychology, mathematics and biology. For more information on the Handbooks in Economics series, please see our home page on http://www.elsevier.nl/locate/hes
Author : Martin Gaynor
Publisher :
Page : 23 pages
File Size : 22,24 MB
Release : 1996
Category : Group medical practice
ISBN :
Author : John O. Ledyard
Publisher : Springer Science & Business Media
Page : 448 pages
File Size : 50,94 MB
Release : 2012-12-06
Category : Business & Economics
ISBN : 1461522617
In this volume are papers written by students and co-authors of Stanley Reiter. The collection reflects to some extent the range of his interests and intellectual curiosity. He has published papers in statistics, manage ment science, international trade, and welfare economics. He co-authored early papers in economic history and is reported to be largely responsible for giving the field its name of Cliometrics. He helped initiate, nurture and establish the area of economics now known as mechanism design which studies information decentralization, incentives, computational complexity and the dynamics of decentralized interactions. The quality, craft, depth, and innovative nature of his work has always been at an exceptionally high level. Stan has had a strong and important direct effect on many students at Purdue University and Northwestern University. He created and taught a course which all of his students have both dreaded and respected. Using the Socratic method in remarkably effective ways to teach theory skills, he has guided, prodded, and encouraged us to levels we did not think we were capable of. Some of his students are represented in this volume. But even those whose careers took directions other than mathematical economics still consider that training to be an important component of their success. Stan's students include department chairmen, business executives, Deans, a Secretary of the Air Force, and a College President. His guidance has been necessary and fundamental to whatever successes we have had.
Author : Luis C. Corchón
Publisher : Edward Elgar Publishing
Page : 567 pages
File Size : 50,41 MB
Release : 2018-02-23
Category : Business & Economics
ISBN : 178536328X
The first volume of this wide-ranging Handbook contains original contributions by world-class specialists. It provides up-to-date surveys of the main game-theoretic tools commonly used to model industrial organization topics. The Handbook covers numerous subjects in detail including, among others, the tools of lattice programming, supermodular and aggregative games, monopolistic competition, horizontal and vertically differentiated good models, dynamic and Stackelberg games, entry games, evolutionary games with adaptive players, asymmetric information, moral hazard, learning and information sharing models.
Author : John Eatwell
Publisher : Springer
Page : 321 pages
File Size : 10,81 MB
Release : 1989-09-21
Category : Business & Economics
ISBN : 1349202150
This is an extract from the 4-volume dictionary of economics, a reference book which aims to define the subject of economics today. 1300 subject entries in the complete work cover the broad themes of economic theory. This volume concentrates on the topic of allocation information and markets.