Agency Models with Frequent Actions

To “ Agency Models with Frequent Actions ”

Agency Models with Frequent Actions: A Quadratic Approximation Method

The paper analyzes dynamic principal-agent models with short period lengths. The two main contributions are: (i) an analytic characterization of the values of optimal contracts in the limit as the period length goes to 0, and (ii) the construction of relatively simple (almost) optimal contracts for _xed period lengths. Our setting is exible and includes the pure hidden action or pure hidden inf...

Book Review: "Learning Strategy Instruction in the Language Classroom: Issues and Implementation"

Language learning strategies, “the techniques or devices which a learner may use to acquire knowledge” (Rubin, 1975, p. 43) or more pertinently “complex, dynamic thoughts and actions, selected and used by learners with some degree of consciousness in specific contexts” (Oxford, 2017, p. 48), have been widely researched and discussed for more than forty years since the mid-1970s. Shifting the fo...

Agency, gait and self-consciousness.

Agency is an important aspect of bodily self-consciousness, allowing us to separate own movements from those induced by the environment and to distinguish own movements from those of other agents. Unsurprisingly, theoretical frameworks for agency such as central monitoring are closely tied to computational models of sensorimotor control. Until recently agency research has largely focussed on go...

Marching to the Beat of Different Drummers: the Influence of Institutional Owners on Competitive Actions

This research extends agency theory by exploring the influence of varied, competing, principal interests on executive actions. Findings reveal that ownership of a firm by dedicated institutional investors, who hold concentrated portfolios over time, is positively associated with firm use of strategic competitive actions. Ownership by transient institutional investors, who hold broad portfolios ...