Decision Processes Agency Problems And Information
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Decision Processes Agency Problems And Information
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Author : John G. Matsusaka
language : en
Publisher:
Release Date : 2001
Decision Processes Agency Problems And Information written by John G. Matsusaka and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001 with Budget categories.
Decision Processes Agency Problems And Information
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Author : y M. Marino
language : en
Publisher:
Release Date : 2010
Decision Processes Agency Problems And Information written by y M. Marino and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010 with categories.
Corporations use a variety of processes to allocate capital. This article studies the benefits and costs of several common budget procedures from the perspective of a model with agency and information problems. Processes that delegate aspects of the decision to the agent result in too many projects being approved, while processes in which the principal retains the right to reject projects cause the agent to strategically distort his information about project quality. We show how the choice of a decision process depends on these two costs, and specifically on severity of the agency problem, quality of information, and project risk.
Public Decision Making Processes And Asymmetry Of Information
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Author : Massimo Marrelli
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06
Public Decision Making Processes And Asymmetry Of Information written by Massimo Marrelli and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-12-06 with Business & Economics categories.
The problems arising from the existence of asymmetric information in public decision making have been widely explored by economists. Most of the traditional analysis of public sector activities has been reviewed to take accountofthe possible distortions arising from an asymmetric distribution of relevant information among the actors of the public decision-making process. A normative approach has been developed to design incentive schemes which tackle adverse selection and moral hazard problems within public organisations: our understanding of these problems is now much better, and some of the mechanisms designed have had important practical implications. While this analysis is still under way in many fields of public economics, as the papers by Jones and Zanola, and Trimarchi witness, a debate is ongoing on the possible theoretical limitations ofthis approach and on its actual relevance for public sector activities. This book encompasses different contributions to these issues, on both theoretical and practical areas, which were firstly presented at a conference in Catania. The innermost problem in the current discussion arises from the fact that this normative analysis is firmly rooted in the complete contracting framework, with the consequence that, despite the analytical complexities of most models, their results rely on very simplified assumptions. Most complexities of the organisation of public sector, and more generally, of writing "contracts", are therefore swept away.
Organizational Decision Making
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Author : Zur Shapira
language : en
Publisher: Cambridge University Press
Release Date : 2002-03-25
Organizational Decision Making written by Zur Shapira and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002-03-25 with Business & Economics categories.
Explores decision making in organizations, highlighting the roles of incentive, conflict, power and politics.
Distributed Decision Making
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Author : Christoph Schneeweiss
language : en
Publisher: Springer Science & Business Media
Release Date : 2003-06-17
Distributed Decision Making written by Christoph Schneeweiss and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003-06-17 with Business & Economics categories.
Distributed decision making (DDM) has become of increasing importance in quantitative decision analysis. In applications like supply chain management, service operations, or managerial accounting, DDM has led to a paradigm shift. The book provides a unified approach to such seemingly diverse fields as multi-level stochastic programming, hierarchical production planning, principal agent theory, negotiations or contract theory. Different settings like multi-level one-person decision problems, multi-person antagonistic planning, and leadership situations are covered. Numerous examples and real-life planning cases illustrate the concepts. The new edition has been considerably expanded by additional chapters on supply chain management, service operations and multi-agent systems.
Authority And Disclosure In Managerial Agency Problems
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Author : Ravi Singh
language : en
Publisher:
Release Date : 2003
Authority And Disclosure In Managerial Agency Problems written by Ravi Singh and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003 with categories.
The Agency Relationship And Clinical Decision Making In General Practice
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Author :
language : en
Publisher:
Release Date : 2001
The Agency Relationship And Clinical Decision Making In General Practice written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001 with Medical care, Cost of categories.
Agency Problem And The Role Of Corporate Governance
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Author : Md. Hamid Ullah Bhuiyan
language : en
Publisher:
Release Date : 2008
Agency Problem And The Role Of Corporate Governance written by Md. Hamid Ullah Bhuiyan and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with categories.
This paper is an attempt to identify various agency relationships that may exist in the economic and business life and the related problems that may arise due to such relationships. It also identifies the role of various corporate governance mechanisms such as the ownership structure, compensation, composition of the Board of Directors, the duties and responsibilities of the executive and non-executive directors, regular monitoring by shareholders, and takeover devices, voting rights of shareholders, detailed disclosure of company information that are material for decision making by interested parties etc. in mitigating the agency problems. Though no individual corporate governance mechanism is a perfect one, a careful selection of individual and/or combination of these serves a better purpose.
Decision Making With Asymmetric Information
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Author : Silvia Dominguez Martinez
language : en
Publisher: Rozenberg Publishers
Release Date : 2007
Decision Making With Asymmetric Information written by Silvia Dominguez Martinez and has been published by Rozenberg Publishers this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with categories.
Administrative Behavior
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Author : Herbert Alexander Simon
language : en
Publisher: New York : Free Press
Release Date : 1976
Administrative Behavior written by Herbert Alexander Simon and has been published by New York : Free Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1976 with Business & Economics categories.
The aim of the book is to show how organizations can be understood in terms of their decision processes. The central point is that decision-making is the heart of administration. The language and conceptual framework for describing administration must be based on the logic and psychology of human choice, i.e. economic theory and psychology. Simon got a Nobel's prize in 1978 for his contributions to science within decision processes in economic organizations.
