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Viac informácií o knihe Formulating Principal-Agent Service Contracts for a Revenue Generating Unit

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Anotácia knihy

This book examines the contractual options between an owner of a revenue generating unit and a provider of repair service for this unit. The developed framework is that of economists' principal-agent problem. The contractual options of a principal and an agent are modeled as a Markov process with an undetermined time horizon. For a risk neutral principal, the authors identify the conditions under which a principal contracts with a risk-neutral, risk-averse, or risk-seeking agent and derive the principal's optimal owner and the agent's service capacity response. In essence, the book provides an extensive formulating analysis of principal-agent contracts given any exogenous parameter values. That is, it derive mathematical formulas for the optimal contract owners and the agent's optimal service capacity. Ultimately a small number of formulas cover a large spectrum of principal-agent conditions.

Parametre knihy

Zaradenie knihy Knihy po anglicky Economics, finance, business & management Business & management Management & management techniques

• Celý názov: Formulating Principal-Agent Service Contracts for a Revenue Generating Unit
• Autor: Shuo Zeng, Moshe Dror
• Jazyk: Angličtina
• Väzba: Brožovaná
• Počet strán: 129
• EAN: 9783319186719
• ISBN: 331918671X
• ID: 09266951
• Nakladateľ: Springer International Publishing AG
• Hmotnosť: 2234 g
• Rozmery: 235 × 155 × 8 mm
• Dátum vydania: 04. July 2015

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