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You searched for: label/principal-agent problem

Anthropomorphic Mexico

…excessive force. If not, lawyers for the parents argue, then Sergio died in “a unique no-man’s land — a law-free zone in which U.S. agents can kill innocent civilians with…

Blame Basel II

…are based on principal agent issues and rules imposed by principles on the managers of pension funds and endowments. Helping an agent cheat his or her principal is a way…

General Equilibrium Theory by Popular Demand

…can’t introduce new assets (like social insurance) which weren’t available to the private agents (from now on a RWKNETC). The problem is that the proof really is based on an…

The contrarian addiction

…protects the public from food-borne illnesses. It issues nutritional advice and drug labeling guidelines. It polices false medical claims on packaging and in advertisements. It safeguards about one in every…

Zombie Rationality

…utility function at all. Consider a hypothetical agent whose sole desire in life is to make things difficult for rational choice modelers. The agent has a utility function which yields…