Formulating Principal-Agent Service Contracts for a Revenue Generating Unit

Language: English

Published by Springer, Palgrave Macmillan Jul 2015, 2015

331918671X / 9783319186719

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This item is printed on demand - Print on Demand Titel. Neuware -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.Springer-Verlag KG, Sachsenplatz 4-6, 1201 Wien 140 pp. Englisch.

Seller Inventory # 9783319186719

Title
Formulating Principal-Agent Service Contracts for a Revenue Generating Unit
Author
Shuo Zeng
Publisher
Springer, Palgrave Macmillan Jul 2015
Publication year
2015
Condition
Neu
Binding
Taschenbuch
Language
English
ISBN 10
331918671X
ISBN 13
9783319186719
Item weight
224 grams
Dimensions
235x155x8 mm

buchversandmimpf2000

Emtmannsberg, BAYE, Germany

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