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Complexity and individual rationality in a dynamic duopoly: an experimental study

✍ Scribed by Gianmaria Martini

Book ID
113877894
Publisher
Elsevier Science
Year
2003
Tongue
English
Weight
287 KB
Volume
57
Category
Article
ISSN
1090-9443

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An experimental study of a dynamic princ
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✍ Werner GΓΌth; Wolfgang Klose; Manfred KΓΆnigstein; Joachim Schwalbach πŸ“‚ Article πŸ“… 1998 πŸ› John Wiley and Sons 🌐 English βš– 139 KB πŸ‘ 3 views

The principal-agent problem is often illustrated by the relationship between owners and managers in modern corporations. Our experimental study considers the problem where the owner has to motivate the manager by an employment contract serving the owner's interest. The contract specifies a salary an