Essays on Contract Design and Incentive Provision

Essays on Contract Design and Incentive Provision PDF Author: Eva I. Hoppe-Fischer
Publisher: Springer
ISBN: 3658241330
Category : Business & Economics
Languages : en
Pages : 217

Get Book Here

Book Description
Contract theory, which emphasizes the importance of unverifiable actions and private information, has been a highly active field of research in microeconomics in the last decades. This thesis is divided into two parts. Part I consists of three chapters that study contract-theoretic models which are motivated by the classic procurement problem of a principal who wants an agent to deliver a certain good or service. In such models it is typically assumed that decision makers are interested in their own monetary payoffs only. Moreover, they have unlimited cognitive abilities and behave in a perfectly rational way. Yet, in practice people often do not behave this way. While empirical research is very difficult in contract theory, laboratory experiments have recently turned out to be an important source of data. In Part II, three experimental studies are presented that investigate contract-theoretic problems brought up in Part I.

Essays on Contract Design and Incentive Provision

Essays on Contract Design and Incentive Provision PDF Author: Eva I. Hoppe-Fischer
Publisher: Springer
ISBN: 3658241330
Category : Business & Economics
Languages : en
Pages : 217

Get Book Here

Book Description
Contract theory, which emphasizes the importance of unverifiable actions and private information, has been a highly active field of research in microeconomics in the last decades. This thesis is divided into two parts. Part I consists of three chapters that study contract-theoretic models which are motivated by the classic procurement problem of a principal who wants an agent to deliver a certain good or service. In such models it is typically assumed that decision makers are interested in their own monetary payoffs only. Moreover, they have unlimited cognitive abilities and behave in a perfectly rational way. Yet, in practice people often do not behave this way. While empirical research is very difficult in contract theory, laboratory experiments have recently turned out to be an important source of data. In Part II, three experimental studies are presented that investigate contract-theoretic problems brought up in Part I.

Seventy-nine Short Essays on Design

Seventy-nine Short Essays on Design PDF Author: Michael Bierut
Publisher: Chronicle Books
ISBN: 1616890711
Category : Architecture
Languages : en
Pages : 272

Get Book Here

Book Description
Seventy-nine Short Essays on Design brings together the best of designer Michael Bierut's critical writing—serious or humorous, flattering or biting, but always on the mark. Bierut is widely considered the finest observer on design writing today. Covering topics as diverse as Twyla Tharp and ITC Garamond, Bierut's intelligent and accessible texts pull design culture into crisp focus. He touches on classics, like Massimo Vignelli and the cover of The Catcher in the Rye, as well as newcomers, like McSweeney's Quarterly Concern and color-coded terrorism alert levels. Along the way Nabakov's Pale Fire; Eero Saarinen; the paper clip; Celebration, Florida; the planet Saturn; the ClearRx pill bottle; and paper architecture all fall under his pen. His experience as a design practitioner informs his writing and gives it truth. In Seventy-nine Short Essays on Design, designers and nondesigners alike can share and revel in his insights.

Info We Trust

Info We Trust PDF Author: RJ Andrews
Publisher: John Wiley & Sons
ISBN: 1119483905
Category : Computers
Languages : en
Pages : 343

Get Book Here

Book Description
How do we create new ways of looking at the world? Join award-winning data storyteller RJ Andrews as he pushes beyond the usual how-to, and takes you on an adventure into the rich art of informing. Creating Info We Trust is a craft that puts the world into forms that are strong and true. It begins with maps, diagrams, and charts — but must push further than dry defaults to be truly effective. How do we attract attention? How can we offer audiences valuable experiences worth their time? How can we help people access complexity? Dark and mysterious, but full of potential, data is the raw material from which new understanding can emerge. Become a hero of the information age as you learn how to dip into the chaos of data and emerge with new understanding that can entertain, improve, and inspire. Whether you call the craft data storytelling, data visualization, data journalism, dashboard design, or infographic creation — what matters is that you are courageously confronting the chaos of it all in order to improve how people see the world. Info We Trust is written for everyone who straddles the domains of data and people: data visualization professionals, analysts, and all who are enthusiastic for seeing the world in new ways. This book draws from the entirety of human experience, quantitative and poetic. It teaches advanced techniques, such as visual metaphor and data transformations, in order to create more human presentations of data. It also shows how we can learn from print advertising, engineering, museum curation, and mythology archetypes. This human-centered approach works with machines to design information for people. Advance your understanding beyond by learning from a broad tradition of putting things “in formation” to create new and wonderful ways of opening our eyes to the world. Info We Trust takes a thoroughly original point of attack on the art of informing. It builds on decades of best practices and adds the creative enthusiasm of a world-class data storyteller. Info We Trust is lavishly illustrated with hundreds of original compositions designed to illuminate the craft, delight the reader, and inspire a generation of data storytellers.

A Year Off

A Year Off PDF Author: Alexandra Brown
Publisher: Chronicle Books
ISBN: 145216469X
Category : Travel
Languages : en
Pages : 260

Get Book Here

Book Description
In this mix of memoir, guidebook, and travelogue, a married couple documents the year they took off from work and traveled the world together. Wait for me . . . Who knew these three words said to a near stranger would start an international travel adventure? A Year Off is one part memoir, one part travel essays and one part travel guide, documenting the story of Alexandra and David Brown, a couple who decided to take a year off from their jobs and “regular lives” to travel the world together after only knowing each other for four months. Each chapter tackles a different part of the journey, including: -Practical takeaways for how to take the same leap and travel, like tips on budgeting, planning, pacing and adjusting to culture shock -A look into David and Alexandra’s story as they traveled the world together and got to know one another -Colorful memories of their travels, like a dramatic kayak ride in Milford Sound, New Zealand, an emotional evening in India, a life-changing meal in the Loire Valley, France, a hilarious makeover in Romania . . . and many more This inspiring book is for all the dreamers, would-be adventurers and endearingly practical professionals looking to scratch the travel itch. With many gorgeous photographs and actionable travel advice, A Year Off captures all the beauty and magic of the wanderlust spirit, guiding readers on how to take the same leap and showing them just how doable a journey this type of round-the-world travel is. Praise for A Year Off “In A Year Off married couple Alexandra and David Brown chronicle a trip around the world and provide advice for travelers who may want to follow in their footsteps. Filled with personal stories, useful takeaways, beautiful photos and great design, chapters like “Identity Crisis” and “Financial Freak-outs” make it clear that the Browns haven’t airbrushed their story.” —BookPage “Have you ever dreamed of quitting the rat race and taking a year off—and then swiftly jolted back to reality? If so, A Year Off will give you the inspiration and the courage to make it happen in real life.” —The Independent

Research Handbook on Contract Design

Research Handbook on Contract Design PDF Author: Corrales Compagnucci, Marcelo
Publisher: Edward Elgar Publishing
ISBN: 1839102284
Category : Law
Languages : en
Pages : 480

Get Book Here

Book Description
Weaving together theoretical, historical, and legal approaches, this book offers a fresh perspective on the modern revival of the concept of allegiance, identifying and contextualising its evolving association with theories of citizenship.

79 Short Essays on Design

79 Short Essays on Design PDF Author: Michael Bierut
Publisher: Princeton Architectural Press
ISBN: 9781568986999
Category : Art
Languages : en
Pages : 280

Get Book Here

Book Description
Collects some of designer Michael Bierut's best essays on design, covering such topics as color-coded terrorism alerts, the cover of "Catcher in the Rye," the planet Saturn, and the town of Celebration, Florida.

Essays on Consumer Credit Markets

Essays on Consumer Credit Markets PDF Author: Mark William Jenkins
Publisher: Stanford University
ISBN:
Category :
Languages : en
Pages : 135

Get Book Here

Book Description
This dissertation studies the organization of consumer credit markets using a rich and novel dataset from a large subprime auto lender. Its primary goal is to develop empirical methods for analyzing markets with asymmetric information and to use these methods to better understand the behavior of subprime borrowers and lenders. The first chapter quantifies the importance of adverse selection and moral hazard in the subprime auto loan market and shows how different loan contract terms serve to mitigate these distinct information problems. The second chapter examines the impact of centralized credit scoring on lending outcomes, including the distribution of performance across dealerships within the firm. The third chapter studies borrower repayment behavior and quantifies the impact of ex post moral hazard on interest rates and the costs of default. Collectively, the three chapters provide a better understanding of the functioning of markets for subprime credit in the U.S. They also provide unique empirical evidence on the importance of asymmetric information and the value of screening, monitoring, and contract design in consumer credit markets in general.

Executive Compensation: Empirical Essays on the Antecedents and the Consequences, and the Role of Executive Personality

Executive Compensation: Empirical Essays on the Antecedents and the Consequences, and the Role of Executive Personality PDF Author: Steffen Florian Burkert
Publisher: BoD – Books on Demand
ISBN: 3947095104
Category : Business & Economics
Languages : en
Pages : 233

Get Book Here

Book Description
Top managers have a significant impact on organizations because they are responsible for the formulation and implementation of corporate strategies, have the visibility and influence to shape the opinions of internal and external stakeholders, and coin the culture of their organizations, affecting employees at every level of the organization. Research has focused on the drivers and consequences of top managers' actions, with a particular focus on executive compensation, but important questions remain unanswered. This dissertation contributes to the literature on top executives by examining the antecedents of executive compensation, the influence of executive compensation on executive behavior, and the interplay of executive compensation and top executive personality. The first study introduces the role of compensation benchmarking for determining executive compensation to the management literature. It finds that benchmarking leads to compensation convergence. The second study examines the impact of executive compensation complexity on firm performance. The results show that compensation complexity is negatively related to accounting-based, market-based, and ESG-based metric of firm performance. The third study explores the implications of relative performance evaluation (RPE) on the imitation behavior of firms. It finds that the introduction of RPE is positively related to the imitation of the strategic actions of peer firms. The fourth study contributes to the growing literature on the impact of corporate social performance (CSP) goals in CEO contracts. Specifically, it examines how and when CSP incentives influence the CEO's attention to corporate social responsibility topics. The final essay examines the role of CEO personality; it finds that differences in CEO personality explain differences in the level of strategic conformity. Taken together, the essays in this dissertation make a significant contribution to the scholarly discourse on the influence of top managers on their companies. The empirical evidence presented expands the current understanding of how top executives affect strategic firm behaviors, and it provides insights for policymakers, managers, and investors.

The PhDictionary

The PhDictionary PDF Author: Herb Childress
Publisher: University of Chicago Press
ISBN: 022635931X
Category : Education
Languages : en
Pages : 290

Get Book Here

Book Description
Navigating academia can seem like a voyage through a foreign land: strange cultural rules dictate everyday interactions, new vocabulary awaits at every turn, and the feeling of being an outsider is unshakable. For students considering doctoral programs and doctoral students considering faculty life, The PhDictionary is a lighthearted companion that illuminates the often opaque customs of academic life. With more than two decades as a doctoral student, college teacher, and administrator, Herb Childress has tripped over almost every possible misunderstood term, run up against every arcane practice, and developed strategies to deal with them all. He combines current data and personal stories into memorable definitions of 150 key phrases and concepts graduate students will need to know (or pretend to know) as they navigate their academic careers. From ABD to white paper—and with buyout, FERPA, gray literature, and soft money in between—each entry contains a helpful definition and plenty of relevant advice. Wry and knowledgeable, Childress is the perfect guide for anyone hoping to scale the ivory tower.

Legal Design

Legal Design PDF Author: Corrales Compagnucci, Marcelo
Publisher: Edward Elgar Publishing
ISBN: 183910726X
Category : Law
Languages : en
Pages : 264

Get Book Here

Book Description
This innovative book proposes new theories on how the legal system can be made more comprehensible, usable and empowering for people through the use of design principles. Utilising key case studies and providing real-world examples of legal innovation, the book moves beyond discussion to action. It offers a rich set of examples, demonstrating how various design methods, including information, service, product and policy design, can be leveraged within research and practice.