Global ETD Search
Search theses and dissertations gathered from participating repositories worldwide. Every result links back to the library that holds it. No account is needed.
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Showing 1 to 18 of 18 for “"Principal-Agent Problem"”.
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Assessing the Principal Agent Problem in Mobile Money Services: Lessons from M – PESA in Lesotho
… are inherently related to the existence of the principal – agent problem and their implications on availability and access to the services. The research study was conducted using a qualitative approach. Qualitative information was collected through interviews guided by open – ended …
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The Risks of Outsourcing Security: Foreign Security Forces in United States National Security Policy
… doubt highlights an international analog to the principal-agent problem normally associated with domestic civil-military relations. I examine why this international principal-agent problem arose, how it has evolved over the past century, and how this evolution has shifted the U.S.'s approach to …
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Optimal Contracts for Legal Services
… examined is an application of the general principal-agent problem. The agent (lawyer) takes an action that, together with the realization of a random variable (merit), determines the outcome of the case (settlement value). The merit of the case refers to the actual facts present in the …
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Corporate Governance, Ceo Compensation and total shareholder returns in South Africa
… corporate governance measures in addressing the principal/agent problem, The on-going displeasure displayed by the media and business commentators, relating to apparent excessive and unwarranted executive directors’ salaries, has increased since the financial turmoil experienced in 2008. The …
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Optimal Contract Design for Co-development of Companion Diagnostics
… by the pharmaceutical firm. We formulate the problem of determining the optimal contract as an instance of the Principal-Agent problem. We then present a numerical approach for solving the problem.
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Three essays in financial economics
… higher proceeds to the issuer. We examine the principal-agent problem in a simple continuous time framework when potential agents have heterogeneous priors. We find that the principal prefers agents with priors very different from his own. The principal will create a contract that includes …
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The effectiveness of corporate governance mechanisms: ownership and media
… viewed corporate governance as solving a principal–agent problem between shareholders and management. But useful insights about corporate governance must inevitably have a broader scope, encompassing such complex matters as heterogeneous owners with different institutional logics and …
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Variable annuity guaranteed lifetime withdrawal benefit and decentralized insurance
… and provide unique formulations of the valuation problem under various fee structures applying local time in stochastic analysis. Consequently, the work presents semi-analytical solutions for the risk-neutral value of GLWB riders. The principal-agent problem for variable annuities is also studied …
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Corporate governance disclosure and information asymmetry: Evidence from South Africa
… reduce the information asymmetry caused by the principal-agent problem. Although the association between a company's governance disclosure and its level of information asymmetry has been explored in some developed countries, there is a gap in knowledge on this in a developing country context. …
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Active participation of buildings in the power sector : the case of small office buildings
… services markets requires addressing the principal-agent problem, building-specific concerns such as program controllability and convenience and targeted policies aimed at increasing availability of clear aggregator-enabled building participation avenues.
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Vom Kapitalismus zur Marktwirtschaft durch Mitarbeiterteilhabe - Eine empirische Analyse von Kreditgenossenschaften zur Identifikation möglicher Konstruktionselemente für ein Mitarbeiterteilhabemodell
… and also the inefficiency resulting from the principal-agent-problem, to strengthen the motivation of employees and to enhance their swarm creativity. Worker cooperatives, kibbutzim, partnership companies and Titos workers' self-management companies came close to the desired …
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Building Coercive Capacity: Three Essays
… when creating an effective state apparatus. When principals (such as authoritarian leaders or elected representatives) set up security organs, they must make officials in the security services overcome collective action problems to maintain security. However, the achieved cooperation can also …
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Essays on strategic communication
… (co-authored with Li Hao and Wei Li) studies a principal-agent problem where the only commitment for the uninformed principal is to restrict the set of decisions she makes following a report by the informed agent. Compared to no commitment, the principal improves the quality of communication …
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ESSAYS IN MECHANISM DESIGN
… main tool in the study of the pure moral hazard principal-agent problem. Although many existing results rely on the FOA, its validity has been established only under relatively restrictive assumptions. We contribute three main findings. First, we demonstrate in a broad array of examples that the …
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Essays in health economics and productivity
… of this revenue. The key barrier to take-up is a principal agent problem, since doctors supply the valuable information but are not paid for it. Exploiting the fact that many doctors practice at multiple hospitals, I find that four-fifths of the dispersion in adoption reflects differences in the …
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Social Security under Decentralized Authoritarianism: Politics of The Public Pension Program in China
… between these two actors leads to the classic principal-agent problem. This dissertation argues that the center uses fiscal subsidies as a leash to lead and restrain subnational governments, particularly those from regions with strategic importance to the center, to ensure proper implementation …
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On the Analysis of Firm Value and Idiosyncratic Volatility
… of Uncertainty of Market Value due to the principal-agent problem (CUMV) is defined and calculated, which measures uncertainty in the benchmark value per unit of agency cost. Finally, I decompose the change in market value of a firm into three components, i.e. change due to agency cost; …
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Essays in political economics and information acquisition
… chapter, joint work with A. Clark, studies a principal-agent problem with limited-liability where an agent is hired to acquire information and take a decision on behalf of a risk-neutral principal. The principal cannot monitor the agent's attentiveness when acquiring information and so she …