Formulating Principal-Agent Service Contracts for a Revenue Generating Unit

Business & Finance, Management & Leadership, Operations Research, Nonfiction, Science & Nature, Technology, Power Resources
Cover of the book Formulating Principal-Agent Service Contracts for a Revenue Generating Unit by Shuo Zeng, Moshe Dror, Springer International Publishing
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Shuo Zeng, Moshe Dror ISBN: 9783319186726
Publisher: Springer International Publishing Publication: July 2, 2015
Imprint: Springer Language: English
Author: Shuo Zeng, Moshe Dror
ISBN: 9783319186726
Publisher: Springer International Publishing
Publication: July 2, 2015
Imprint: Springer
Language: English

This book examines contractual options for a performance based contract between an owner of a revenue generating unit and a repair agent for such unit. The framework of the analysis 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 offer together with the agent's optimal service capacity response. In essence, the book provides an extensive formulating analysis of principal-agent contracts given any exogenous parameter values. Ultimately a small number of formulas cover a large spectrum of principal-agent conditions.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

This book examines contractual options for a performance based contract between an owner of a revenue generating unit and a repair agent for such unit. The framework of the analysis 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 offer together with the agent's optimal service capacity response. In essence, the book provides an extensive formulating analysis of principal-agent contracts given any exogenous parameter values. Ultimately a small number of formulas cover a large spectrum of principal-agent conditions.

More books from Springer International Publishing

Cover of the book Psychiatric Pharmaceuticals as Emerging Contaminants in Wastewater by Shuo Zeng, Moshe Dror
Cover of the book Third generation SUSY and t¯t +Z production by Shuo Zeng, Moshe Dror
Cover of the book Mobile Cloud Visual Media Computing by Shuo Zeng, Moshe Dror
Cover of the book Welfare Activities by New Religious Actors by Shuo Zeng, Moshe Dror
Cover of the book Fixed Point Theory in Modular Function Spaces by Shuo Zeng, Moshe Dror
Cover of the book Nineteenth-Century Individualism and the Market Economy by Shuo Zeng, Moshe Dror
Cover of the book Protein and Sugar Export and Assembly in Gram-positive Bacteria by Shuo Zeng, Moshe Dror
Cover of the book Ad Hoc Networks by Shuo Zeng, Moshe Dror
Cover of the book Mechatronics 2019: Recent Advances Towards Industry 4.0 by Shuo Zeng, Moshe Dror
Cover of the book Trilingual Education in Hong Kong Primary Schools by Shuo Zeng, Moshe Dror
Cover of the book Design Thinking for Innovation by Shuo Zeng, Moshe Dror
Cover of the book Linguistic and Psycholinguistic Approaches on Implicatures and Presuppositions by Shuo Zeng, Moshe Dror
Cover of the book Intelligent Software Methodologies, Tools and Techniques by Shuo Zeng, Moshe Dror
Cover of the book Geriatric Emergency Medicine by Shuo Zeng, Moshe Dror
Cover of the book Statistical Data Analysis Using SAS by Shuo Zeng, Moshe Dror
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy