A Graphical Approach to the Standard Principal-Agent Model
نویسندگان
چکیده
منابع مشابه
Title A graphical approach to the standard principal - agent model
An obstacle to the teaching of principal-agent theory is the technical complexity and intractability of the general model. Even in academic studies strong assumptions are often imposed so as to derive an analytical solution. The author describes a graphical approach to the standard principal-agent model. Characterizing equilibrium in the contract space defined by the incentive parameter and ins...
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ژورنال
عنوان ژورنال: The Journal of Economic Education
سال: 2002
ISSN: 0022-0485,2152-4068
DOI: 10.1080/00220480209595191