An experimental study of a dynamic principal-agent relationship
Article Abstract:
Research was conducted to study the dynamic principal-agent relationship, with emphasis on the association between managers and owners in modern corporations. The principal-agent scenario was characterized by problems associated with principal agent relations. These include contract design, multiple periods, stochastic results and linear reward schemes. Results indicated the importance of trust and reciprocity of behavior in principal-agent relationships.
Publication Name: Managerial & Decision Economics
Subject: Economics
ISSN: 0143-6570
Year: 1998
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Interpreting cross-section and time-series tests of convergence: the case of labor productivity in manufacturing
Article Abstract:
This paper examines an empirical test of convergence hypothesis based on labor productivity data in manufacturing of 8 member countries of the Organization for Economic Cooperation and Development led by the U.S. and finds that economies were in dispersion while in transition postwar until 1970 and thereafter settled into a steady state.
Publication Name: Journal of Economics and Business
Subject: Economics
ISSN: 0148-6195
Year: 2001
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On human capital externalities and aggregates fluctuations
Article Abstract:
Research information regarding the analysis of external effects of human capital in explaining labor market fluctuations when endogenous growth models are considered is outlined.
Publication Name: Journal of Economics and Business
Subject: Economics
ISSN: 0148-6195
Year: 2001
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