LIBROS DEL AUTOR: shuo zeng

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  • Formulating Principal-Agent Service Contracts for a Revenue Generating Unit
    Moshe Dror / Shuo Zeng
    This book examines contractual options for a performance based contract between an owner of a revenue generating unit and a repair agent for such unit. The framework of the analysis is that of economists’ principal-agent problem. The contractual options of a principal and an agent are modeled as a Markov process with an undetermined time horizon. For a risk neutral principal, t...
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