The Value of Signals in Hidden Action Models
Subtitle: Concepts, Application, and Empirical Evidence (Contributions to Economics)
Edition: 1 edition
Publisher: Physica-Verlag Heidelberg
Published: March 31, 2004
Language: eng
Format: Paperback
Number of pages: 162
ISBN-13: 9783790801736
Subjects: Economic theory & philosophy; Personnel management; Game Theory; Commerce; Business & Economics; Business / Economics / Finance; Performance standards; Business/Economics; Mathematical models; Labor & Industrial Relations - General; Economics - Theory; Business & Economics / Economics / Theory; Economic forecasting; Contracts for work and labor; Labor economics
First sentence: Since the fundamental work of Walras (1874), markets have received particular attention by economists because they lead to an efficient allocation of goods and services.