نتایج جستجو برای: principal agent approach
تعداد نتایج: 1613146 فیلتر نتایج به سال:
Electronic countermeasures (ECMs) against a radar are actions taken by an adversarial jammer to mitigate the effective utilization of electromagnetic spectrum radar. On other hand, electronic counter-countermeasures (ECCMs) impact ECMs so that can continue operate effectively. The main idea this article is show ECCMs involving and be formulated as principal–agent problem (PAP)—a widely studied ...
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...
Information Systems literature emphasizes the importance of efficient contracts for managing outsourcing relationships. However, there is a lack of proven and tested contract designs in theory as well as in practice. With the help of Economic Theory we analyze the underlying dynamics of an outsourcing relationship. Based on mathematical Principal-Agent-Theory we aim at answering the following q...
This paper presents a new method for the analysis of moral hazard principalagent problems. The new approach avoids the stringent assumptions on the distribution of outcomes made by the classical first-order approach and instead only requires the agent’s expected utility to be a rational function of the action. This assumption allows for a reformulation of the agent’s utility maximization proble...
This paper shows the application of a functional version of principal component analysis to build a parametrization of vocal tract area functions for vowel production. Sets of measured area values for ten vowels are expressed as smooth functional data and next decomposed into a mean area function and a basis of orthogonal eigenfunctions. Interpretations of the first four eigenfunctions are prov...
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