optimal contract การใช้

During the 1970s, Phelps and Calvo also collaborated on research on optimal contracts under asymmetric information.
There exist many bidding conventions that assign meaning to various calls to assist players in reaching an optimal contract.
The solution to this problem should provide ex-ante optimal contract structure which specify in which scenario realized cash flow should be certified.
The purpose of bidding during the auction phase of each deal is to exchange information with one's partner in order to arrive at an optimal contract while concurrently contending with the opponents'attempts to do likewise.
He shows that the optimal contract for inequity aversion employees is less generous at the optimal production level than contracts for " standard agents " ( who don't have inequity aversion ) in an otherwise identical two-employee model.