Agency Theory: Choice-Based Foundations of the Parametrized Distribution Formulation
This paper develops choice- theoretic foundations of the principal's and the agent's behaviors underlying the parametrized distribution formulation of agency theory. Both the principal and the agent are expected-utility maximizers and their action-dependent subjective probabilities are def...
| Veröffentlicht in: | Economic Theory. - Springer, 1991. - 36(2008), 3, Seite 337-351 |
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| Format: | Online-Aufsatz |
| Sprache: | English |
| Veröffentlicht: |
2008
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| Zugriff auf das übergeordnete Werk: | Economic Theory |
| Schlagworte: | Agency theory Contract theory Moral hazard D81 D82 Economics Behavioral sciences Mathematics Health sciences Philosophy |
| Online verfügbar |
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