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"Information, Risk Sharing And Incentives In Agency Problems", Jia Xie
"Information, Risk Sharing And Incentives In Agency Problems", Jia Xie
Jia Xie
This paper studies the use of information for incentives and risk sharing in agency problems. When the principal is risk neutral or the outcome is contractible, risk sharing is unnecessary or dealt with by a contract on the outcome. In this case, information systems are ranked only according to their informativeness about the agent's action. When the outcome is noncontractible, however, the principal has to rely on imperfect information not only for incentives, but also for risk sharing. Under the first-order approach, this paper characterizes a problem-independent ranking of information systems, relaxing Gjesdal's (1982) criterion. We also find sufficient conditions …
6dewa.Net Agen Judi Bandarq Domino99 Capsa Susun Aduq Dan Bandar Poker Online Indonesia, Defaonline Com
6dewa.Net Agen Judi Bandarq Domino99 Capsa Susun Aduq Dan Bandar Poker Online Indonesia, Defaonline Com
defaonline com
6dewa.net Agen Judi BandarQ Domino99 Capsa Susun AduQ dan Bandar Poker Online Indonesia – Pada Pertengahan Tahun 2016 Ini Kita Sangat Banyak Di Suguhkan Dengan Yang Namanya Kontes SEO, Dan Kebanyakan Kontes SEO Di Adakan Oleh Agen-Agen Poker Dan Domino Online Di Indonesia Dan Salah Satunya Yaitu Kontes Yang Terbaru Dari 6dewa.net Agen Judi BandarQ Domino99 Capsa Susun AduQ dan Bandar Poker Online Indonesia Yang Akan Kita Optimasi Sampai Dengan Bulan Agustus Mendatang Semoga Blog Syakur Taginting Bisa Mendapatkan Hasil yang Maksimal Hingga Akhir Masa Penjurian.
6dewa.net Agen Judi BandarQ Domino99 Capsa Susun AduQ dan Bandar Poker Online Indonesia …
Kebunpoker.Com Agen Judi Domino99 Agen Poker Bandarq Online Terpercaya Di Indonesia, Defa Online
Kebunpoker.Com Agen Judi Domino99 Agen Poker Bandarq Online Terpercaya Di Indonesia, Defa Online
AGEN POKER ONLINE INDONESIA TERPERCAYA STUDISOLUTION.COM
KEBUNPOKER.COM AGEN JUDI DOMINO99 AGEN POKER BANDARQ ONLINE TERPERCAYA DI INDONESIA- Pilihan bank besar di atas adalah yang mendukung SMPPoker di dalam situs judinya, Member akan mudah sekali melakukan transaksi dengan banyaknya pilihan bank dalam sebuah situs judi online, Hal ini sangat penting karena ini adalah alat transaksi saat memainkannya, Misal seperti transaksi deposit dan widraw.
SMPPoker adalah situs judi yang sudah lama menjadi naungan pecinta judi indonesia untuk melakukan permainan judi online, Setelah situs judi ini mengaplikasikan permainan poker di dalam situs judinya, Permainan ini lalu sebagai permainan judi yang di unggulkan karena setiap harinya ribuan membernya memainkannya. …
Agen Bola Terpercaya Warung757.Net, Defaonline Blog
Agen Bola Terpercaya Warung757.Net, Defaonline Blog
defaonline blog
Agen Bola Terpercaya Warung757.net- Sebuah impian untuk menggapai cinta dari pertaruhan Bola Terpercaya Warung757.net yang mana situs ini memang benar-benar situs Judi Bola Online yang patut untuk di jadikan naungan dalam bertaruh judi bola online, Anda akan mendapatkan antusias yang luar biasa dari sekian banyak member yang sudah bergabung dengannya, Itu berarti anda akan menjadi tawanan pertaruhan bola dalam situs judi online terpercaya ini, Mengingat anda adalah spesialis pecinta judi bola dalam beberapa event persepakbolaan di dunia.
Hadir lagi sebuah event 5 tahunan yaitu Piala Euro 2016 yang akan di gelar di perancis nantinya, Ini akan membuat ramai khazanah …
Jual Obat Aborsi, Defaonline Blog
Jual Obat Aborsi, Defaonline Blog
defaonline blog
jual obat aborsi- Kami beri jasa Aborsi dengan bantuan obat Cytotec melalui metode terpadu kami terbukti selama 4 tahun sejauh ini HANYA mampu mencapai keberhasilan aborsi sampai 97%. Tidak ada keberhasilan 100% atau mutlak karena ditentukan oleh beberapa parameter, kondisi badan setiap individu sengat berbeda satu sama lain. Tidak ada 1 pun orang di dunia ini bahkan pemenang NOBEL biologi sekalipun bisa menggaransi hasil dan reaksi yang sama persis pada setiap individu (tehnik sampling dan statistik), setiap obat yang diluncurkan di pasaran sudah melewati ribuan tes dan percobaan pada hewan dan manusia. ANDA HARUS TAU FAKTA INI. Hanya orang …
Aslidomino.Com Agen Domino Online Uang Asli Terpercaya Indonesia, Defaonline Blog
Aslidomino.Com Agen Domino Online Uang Asli Terpercaya Indonesia, Defaonline Blog
defaonline blog
ASLIDOMINO.COM AGEN DOMINO ONLINE UANG ASLI TERPERCAYA INDONESIA- Sebuah ulasan kembali dari sebuah Agen Domino99 Dan Poker Online terpercaya di asia, Kali ini mengulas sebuah situs judi terbesar di asia yaitu ASLIDOMINO.COM yang sudah tersohor sebagai situs judi lama dengan pilihan permainan judi terbaik dalam situs judinya, Maka dari itu di sini saya merekomendasikan kepada anda situs judi SahabatQQ agar anda tidak salah dalam memilihnya untuk di jadikan naungan dalam bermain judi online kesukaan anda.
Bermain judi secara online memang sangat ngetrend saat ini, Apalagi dengan uang asli sebagai taruhannya, Pasti lebih menantang adrenalin pemainnya, Salah satu situs …
6dewa.Net Agen Judi Bandarq Domino99 Capsa Susun Aduq Dan Bandar Poker Online Indonesia, Defaonline Blog
6dewa.Net Agen Judi Bandarq Domino99 Capsa Susun Aduq Dan Bandar Poker Online Indonesia, Defaonline Blog
defaonline blog
6dewa.net Agen Judi BandarQ Domino99 Capsa Susun AduQ dan Bandar Poker Online Indonesia yang memiliki banyak pilihan permainan judi online dalam situs judinya, Jika saat ini anda mencari sebuah situs judi untuk di jadikan naungan dalam bermain judi online, Percayakan kepada 6dewa sebagai naungan anda dalam bermain judi online kesukaan anda, Dimana situs judi 6Dewa sudah terkenal dengan profesionalitasnya dalam melayani membernya, Dan sudah banyak sekali yang mereffrensikan situs judi 6Dewa termasuk blog 6DEWA-NET LOGDOWN yang saya kelola ini, Disini saya mereffrensikan situs judi 6Dewa karena saya juga termasuk member aktif yang setiap hari bermain di Agen Judi Poker Domino99 …
Inulpoker.Net Agen Poker Online Dan Bandar Ceme Online Terbaik Terpercaya, Defaonline Blog
Inulpoker.Net Agen Poker Online Dan Bandar Ceme Online Terbaik Terpercaya, Defaonline Blog
defaonline blog
INULPOKER.NET AGEN POKER ONLINE DAN BANDAR CEME ONLINE TERBAIK TERPERCAYA- Salah satu situs judi indonesia yang saat ini memiliki aplikasi permainan judi terbaik dan terpercaya di kelasnya, Anda akan melihat betapa apiknya situs judi online ini memberikan pelayanan judi terbaik dalam situs judinya, sekalipun anda yang akan memainkannya setiap harinya.
Memberikan ruang dalam bermain judi online di situs judi INULPOKER.NET AGEN POKER ONLINE DAN BANDAR CEME ONLINE TERBAIK TERPERCAYA, anda akan mendapatkan banyak keuntungan yang dapat memberikan anda banyak saldo dalam situs onlinenya.
Sebagai situs judi yang sudah menjadi banyak pilihan pecinta judi online saat ini, INULPOKER memang …
Integrated Assessment Models And The Social Cost Of Carbon: A Review And Assessment, Gilbert E. Metcalf, James Stock
Integrated Assessment Models And The Social Cost Of Carbon: A Review And Assessment, Gilbert E. Metcalf, James Stock
Gilbert E. Metcalf
We consider the role of integrated assessment models (IAMs) in estimating the social cost of carbon (SCC) for U.S. regulatory purposes. Our approach is rooted in the needs of U.S. institutions responsible for making and implementing climate policy, specifically regulatory agencies within the Executive Branch and Congress should it choose to take up climate legislation. We argue, first, that policy makers need a numerical value for the SCC for policy evaluation and implementation. This cannot be done credibly without sophisticated computer models that incorporate climate and economic considerations, that is, without IAMs. Second, whatever the true value of the SCC …
Inattention To Deferred Increases In Tax Bases: How Michigan Homebuyers Are Paying For Assessment Limits, Sebastien J. Bradley
Inattention To Deferred Increases In Tax Bases: How Michigan Homebuyers Are Paying For Assessment Limits, Sebastien J. Bradley
Sebastien J Bradley
The Michigan property tax system gives rise to wide variation in taxable basis across comparable homes due to the application of acquisition-value based assessment limits. Exploiting the fact that the resulting differences in property tax liability are temporarily inherited by new homebuyers, I estimate the degree of capitalization of these largely-idiosyncratic tax differences in a setting free of many of the econometric problems that typically plague estimation of property tax capitalization in order to evaluate whether homebuyers understand the tax implications of their home purchases. Consistent with anecdotal evidence, I find that homebuyers are woefully inattentive to the temporary nature …
The Social And Political Consequences Of Group Empathy, Cigdem V. Sirin, Nicholas A. Valentino, José D. Villalobos
The Social And Political Consequences Of Group Empathy, Cigdem V. Sirin, Nicholas A. Valentino, José D. Villalobos
José D. Villalobos
No abstract provided.
Identifying And Investigating The “Best” Schools: A Network-Based Analysis, Priyadarshani Joshi
Identifying And Investigating The “Best” Schools: A Network-Based Analysis, Priyadarshani Joshi
Priyadarshani Joshi
This paper aims to provide a fresh perspective to the predominantly negative discourse on schooling quality in low-income countries by focusing on the research questions: how can one identify great schools, and what makes them special? Using a network-based perspective, I measure peer evaluations of quality in two districts in Nepal. Specifically, I ask principals to mention three schools they view as the “best” schools in their district, and then map the interconnections between schools as a result of this response. I additionally analyze the differentiating characteristics of these schools, and qualitatively investigate the most frequently cited “best” school in …
Determinants Of Homeownership Among Immigrants: Changesduring The Great Recession And Beyond, Kusum Mundra, Ruth Uwaifo Oyelere
Determinants Of Homeownership Among Immigrants: Changesduring The Great Recession And Beyond, Kusum Mundra, Ruth Uwaifo Oyelere
Ruth Uwaifo Oyelere
No abstract provided.
Committee Design With Endogenous Participation, Volker Hahn
Committee Design With Endogenous Participation, Volker Hahn
Volker Hahn
We analyze different committee designs in a model with the endogenous participation of experts who have private information about their own abilities. Each committee design involves a test of abilities whose accuracy influences experts’ decisions to participate. We derive the following findings. First, higher wages lead to lower quality experts. Second, an increase in transparency improves the quality of experts on the committee. Third, larger committees attract less able experts than smaller ones, unless the committee operates under full transparency. Fourth, we derive the properties of optimal committees. They involve low wages and can be transparent or opaque.
Who Is Misleading Whom In Real Estate Transactions?, Jia Xie
Who Is Misleading Whom In Real Estate Transactions?, Jia Xie
Jia Xie
The observation that real estate agents sell their clients' homes cheaper and faster than their own homes has been well identified in the literature and interpreted as evidence of an agency problem originated from information asymmetry. This article studies whether this well-known result holds true for all types of agents and clients, and whether information asymmetry is the full story. By using the Multiple Listing Service (MLS) data from Indiana, we find that, after controlling for observables, mainly homes owned by institutional clients are sold cheaper and faster than agent-owned homes, and the differences are mainly driven by less and …