Behavioral contract theory

Continued part 1, part 2 of ebook "Behavioral interactions, markets, and economic dynamics: Topics in behavioral economics" provide readers with content about: bubbles and crash; price bubbles sans dividend anchors - evidence from laboratory stock markets; experimental markets; behavioral contract theory; market efficiency and anomalies; contracting with self-esteem concerns;...

326p damtuyetha 16-02-2023 3 1   Download

It could be argued that executive employment also contradicts Maslow’s theory in some respects. Many executive contracts represent individuals trading off defi ciency needs (eg security of employment) for growth needs (e.g. self-actualisation/abil- ity to direct the fi rm). Th e less popular aspects of executive employment (cutting cost through dismissal of staff , accepting salaries many times higher than fellow staff and citizens) might threaten the need for belonging and esteem. Maslow’s theory has been criticized by subsequent behavioral researchers.

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Readings in Business Administration (3-4 semester credits) Students pursue detailed readings in the theories, principles and practices of business and economic development. Individualized reading projects might include studies in banking and finance, business management, entrepreneurial studies, business communications, business ethics, human resource management, logistics and materials management.

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In a competitive world of symmetric information and costless enforcement, credit contracts could be written conditional on borrower behavior. Borrowers would then have access to loans under any interest rate-collateral combination that would yield lenders a zero expected profit. However, as a large literature has shown, information asymmetries and enforcement costs make such conditional contracting infeasible and restrict the set of available contracts, eliminating as incentive incompatible high interest rate, low collateral contracts.

15p enter1cai 12-01-2013 52 6   Download

To an economist, a contract is an agreement under which two parties make reciprocal commitments in terms of their behavior - a bilateral coordination arrangement. Of course, this formulation touches on the legal concept of the contract (a meeting of minds creating effects in law), but also transcends it.

498p vigro23 29-08-2012 96 30   Download