On the preferences of principals and agents

One of the reasons why market economies are able to thrive is that they exploit the willingness of entrepreneurs to take risks that laborers might prefer to avoid. Markets work because they remunerate good judgment and punish mistakes. Indeed, modern contract theory is based on the assumption that p...

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Detalles Bibliográficos
Autores principales: Castillo, Marco, Petrie, Ragan, Torero, Máximo
Formato: Journal Article
Lenguaje:Inglés
Publicado: Wiley 2010
Materias:
Acceso en línea:https://hdl.handle.net/10568/154732

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