Download or read book Monitoring and Competing Principals written by Jen-Wen Chang and published by . This book was released on 2020 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Do monitoring technologies increase a principal's profits if she has to compete with others for an agent? While monitoring improves the risk-incentive tradeoff, it also reduces the costs for a rivaling principal to offer a more attractive contract. We show in a two-action, two-outcome model that when the derivative of the agent's risk tolerance is smaller than one, equilibrium profits are lower when monitoring is available if there is some competition. When the derivative is larger than one, equilibrium profits are higher when motoring is available. Conversely, the agent benefits from monitoring when the competition is intense but can be hurt when it is mild.

Download or read book Monitoring Cooperative Agreements Between Principals and Agents written by Roy Radner and published by . This book was released on 1979 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt: The situation in which the principal-agent relationship is repeated finitely many times (T) is formulated as a sequential game. For any cooperative arrangement in the one-period game that dominates a one-period Nash equilibrium, a family of sequential strategy pairs is constructed with the property that, for any positive epsilon there is a strategy pair in the family such that, for sufficiently large T, the strategy pair is a perfect (noncooperative) epsilon equilibrium of the T-period game, and yields each player an average expected utility per period that is within epsilon of his expected utility in the one-period cooperative arrangement. (Author).

Download or read book Public Administration Public Management written by Jan-Erik Lane and published by Routledge. This book was released on 2006-08-21 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt: A perspective on the public sector that presents a concise and comprehensive analysis of exactly what it is and how it operates. Governments in any society deliver a large number of services and goods to their populations. To get the job done, they need public management in order to steer resources – employees, money and laws – into policy outputs and outcomes. In well-ordered societies the teams who work for the state work under a rule-of-law framework, known as public administration. This book covers the key issues of: the principal-agent framework and the public sector public principals and their agents the economic reasons of government public organization, incentives and rationality in government the essence of public administration: legality and the rule of law public policy criteria: the Cambridge and Chicago positions public teams and private teams public firms public insurance public management policy Public Administration & Public Management is essential reading for those with professional and research interests in public administration and public management.

Download or read book Monitoring the Principal with Multiple Agents written by Srabana Gupta and published by . This book was released on 1998 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Double moral hazard arises in the principal-agent model when both parties provide a nonverifiable input following contracting. Balanced-budget contracts are generally second best. If the principal's input is public to two agents, which often characterizes franchising, for example, then balanced-budget contracts exist that resolve fully double moral hazard. Agent payoffs depend on both outputs to correct principal moral hazard, rather than correlation in random effects on outputs. The equilibrium in first-best choices implemented by the contract is also unique and coalition-proof.

Download or read book Competing Principals written by Forrest Maltzman and published by . This book was released on 1997 with total page 222 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book discusses the role of congressional committees in the legislative process

Download or read book Incentive contracts with auditing and monitoring in the principal agent relationship written by Bill M. Woodland and published by . This book was released on 1981 with total page 118 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Delegation of Monitoring in a Principal agent Relationship written by Roland Strausz and published by . This book was released on 1995 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Effects of Costly Monitoring on Efficient Multi task Principal agent Relationships written by Jeffrey William Holloway and published by . This book was released on 1991 with total page 120 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Principal s Role in Monitoring Student Progress at the Middle School Level written by and published by . This book was released on 2013 with total page 185 pages. Available in PDF, EPUB and Kindle. Book excerpt: This qualitative case study of two middle schools explored the principal's role of monitoring to ensure student achievement predominantly of minority students who characteristically underperform on standardized assessments. When standardized test data continues to show achievement gaps for Hispanic and African American students widening when compared to their White and Asian counterparts, the nation looks to site level leadership to ensure equitable educational opportunities aimed to narrow this gap. Interviews with teachers and principals from two middle school sites within separate large urban districts formulated insight into the complexities of ongoing monitoring. The interview data illuminated the challenges that principals face as they juggle site demands, district initiatives, and operational expectations. Using a multiple case study approach, classroom observations, interview transcripts, and artifacts triangulated the data. Analysis of the data collected resulted in the identification of six leadership practices which served as the lens to anchor the study's findings. Outcomes revealed that effective use of formative assessments to improve student achievement required guidelines for how to use the data to create systems to support students based on the formative results. In this study, the principal most effective at navigating educational systems experienced better results in sustaining staff motivation and maintaining growth goals. Recommendations to assist middle school principals serving predominantly minority students include providing opportunities for staff collaboration between successful and less successful sites as well as ongoing monitoring of the site principal's purposeful and sensible blending of their operational and instructional work while they strive to promote student achievement.

Download or read book Coalitions and Competition Routledge Revivals written by Yair Aharoni and published by Routledge. This book was released on 2014-06-17 with total page 332 pages. Available in PDF, EPUB and Kindle. Book excerpt: This title, first published in 1993, was one of the first books to analyse the forces behind the increasing globalization of professional business services. Based on contributions from leading authorities in international business, both academics and members of organizations such as GATT and UNCTAD, it looks at the opportunities for growth, environmental and regulatory problems, and the major problems of managing the international expansion of professional firms. Crucially, it discusses such issues from the point of view of managers of such organizations, and the role of governments in negotiating multinational agreements. This highly international and timely reissue will be of interest to students of international business, as well as managers of professional business firms and policy makers involved in international trade issues.

Download or read book Principals and Agents written by John Winsor Pratt and published by Harvard Business Review Press. This book was released on 1985 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Do the Poor Count written by Michelle M. Taylor-Robinson and published by Penn State Press. This book was released on 2015-11-05 with total page 250 pages. Available in PDF, EPUB and Kindle. Book excerpt: Latin America’s flirtation with neoliberal economic restructuring in the 1980s and 1990s (the so-called Washington Consensus strategy) had the effect of increasing income inequality throughout the region. The aim of this economic policy was in part to create the conditions for stable democracy by ensuring efficient economic use of resources, both human and capital, but the widening gap between rich and poor threatened to undermine political stability. At the heart of the dilemma faced by these new democracies is the question of accountability: Are all citizens equally capable of holding the government accountable if it does not represent their interests? In this book, Michelle Taylor-Robinson investigates both the formal institutions of democracy (such as electoral rules and the design of the legislative and executive branches) and informal institutions (such as the nomination procedures of political parties and patron-client relationships) to see what incentives legislators have to pay attention to the needs of poor people and thereby adequately represent their interests.

Download or read book International Handbook of Research on Teachers and Teaching written by Lawrence J. Saha and published by Springer Science & Business Media. This book was released on 2009-04-17 with total page 1192 pages. Available in PDF, EPUB and Kindle. Book excerpt: The International Handbook of Research on Teachers and Teaching provides a fresh look at the ever changing nature of the teaching profession throughout the world. This collection of over 70 articles addresses a wide range of issues relevant for understanding the present educational climate in which the accountability of teachers and the standardized testing of students have become dominant.

Download or read book Essays on Incentives for Effort Provision in Principal Agent Settings written by Troy A. Kravitz and published by . This book was released on 2013 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt: Situations in which multiple parties with competing preferences interact are endemic throughout society. These essays consider the problem of a principal who seeks to induce self-interested agents to exert effort or promise contributions. The principal's task is to create an incentive structure that aligns the agents' preferences with his own. Chapter 1 considers a principal seeking to induce agents to exert costly, unobservable effort when the output they produce is unverifiable. The firm's solution is to hire multiple workers for some tasks and compare the output produced by the agents. The optimal mechanism bundles multiple tasks together to reduce the cost of monitoring and conditions wage payment for any task upon satisfactory completion of all tasks. The optimal mechanism is not efficient as the principal prefers greater duplication of tasks in exchange for reduced worker rents. Asymptotically, as jobs grow large, the firm approximates its first-best payoffs from the contractible effort benchmark. It is only in the limit that the optimal mechanism is also efficient. Chapter 2 studies the campaign finance landscape following recent changes to the law. A discriminatory all-pay contest model with a contribution cap is used to study legislative and lobbying behavior. The principal, a strategic lawmaker, is central to the analysis. The lawmaker both designs the prize the lobbyists are competing to obtain -- and, in doing so, determines their valuations for the prize -- and determines the terms of the prize's allocation. Contrary to existing work, expected contributions always increase as the contribution cap is relaxed. The effect on policy is more nuanced and depends on whether the cap is binding. The analysis highlights that a decrease in competitive forces, for example, from one lobbyist being richer or valuing the prize more, can be only partially offset by providing a discriminatory benefit to the other lobbyist. The strategic lawmaker endeavors to prevent such an imbalance from arising in the first place.

Download or read book The Balancing Act written by Robert R. Sharpe and published by . This book was released on 2012 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Economics of Risk and Time written by Christian Gollier and published by MIT Press. This book was released on 2001 with total page 492 pages. Available in PDF, EPUB and Kindle. Book excerpt: Updates and advances the theory of expected utility as applied to risk analysis and financial decision making.

Download or read book The Illusion of Accountability written by Justin H. Kirkland and published by Cambridge University Press. This book was released on 2022-08-25 with total page 303 pages. Available in PDF, EPUB and Kindle. Book excerpt: Does open governance strengthen democracy? The Illusion of Accountability contends that it does not. Leveraging a wealth of data from decades of legislative politics in the American states, the book assesses the causes and consequences of 'open meetings laws,' which require public access to proceedings in state legislatures. The work traces the roots of these laws back to the founding constitutions of some states and analyzes the waves of adoptions and exemptions to open meetings that occurred in the twentieth century. The book then examines the effects of these transparency laws on a host of politically consequential outcomes both inside and outside the legislature. This analysis consistently finds that open meetings do not influence legislators' behavior or citizens' capacity to alter that behavior. Instead, a link between transparent legislatures and an expanded system of organized interests is established. This illuminating work concludes that transparency reform only creates the illusion of accountability in state government.