Experience with of principal-agent problem

Assignment Help Business Economics
Reference no: EM133333836

Question

Describe an example you have experience with of the principal-agent problem (for example, you have a desire for your children to listen in school and do well, while for them, goofing off at school might be much more fun), and explain how incentives can be used to overcome the principal-agent problem (such as paying your children for good grades). Include in an analysis of the risks in using incentives. Then explain how will you be able to apply what you learned in this course to your current or future work.

Reference no: EM133333836

Questions Cloud

Social cost of the first unit of abatement : What is the social cost of the first unit of abatement? What's the social cost of the 5 th, 10th, and 20th units of abatement?
What is the root operation for the case : What is the root operation for the case? What is the ICD-10-PCS code for this case? his 9-year-old patient presents with an inflamed left eye.
Degree of certainty to second hypothesis : Comment on the degree of certainty to the second hypothesis you created in the scenario above.
How you would expect your teams to work together to achieve : Your leadership style and philosophy and insight into how you would expect your teams to work together to achieve great results.
Experience with of principal-agent problem : Describe an example you have experience with of the principal-agent problem. Include in an analysis of the risks in using incentives.
GDP is important aggregate measure : GDP is an important aggregate measure of how well the economy is doing and the government reports quarterly GDP results.
What is your optimal bid : You are the purchasing manager at CPT and are bidding on three tons of six-inch hot-rolled channel steel against 6 other bidders. Your company values the three
Occupational safety and health administration standards : Discuss how, as a safety professional, you would respond to the overlap in the Occupational Safety and Health Administration (OSHA) standards
The Artificial River by Carol Sheriff : What primary or secondary source would help me support the main analysis of The Artificial River by Carol Sheriff.

Reviews

Write a Review

Business Economics Questions & Answers

  About the full range of possible events-responses

Economic theory offers ______ about the full range of possible events and responses, which can prevent _______ about how households will respond to changes in prices or incomes.

  Lenders charge an up-front fee on a loan

Some lenders charge an up-front fee on a loan, which is added to what the borrower owes.

  Passing a large tax increase that actually be enacted

Suppose that Congress is successful in passing a large tax increase that actually be enacted this year. Using three separate aggregate supply and aggregate demand graphs,

  Development of innovation and competition for business

Climate change and the car industry using Anwar Shaikh's explanation of 'real competition' assess the importance of the interaction between government and car

  According to coases theory of the firm

According to Coase's theory of the firm, why do firms exist? How do firms contribute to the efficiency of the market economy in ways that 'networks of independent contractors' do not? How are the boundaries of the firm best established?

  Substitution effects of an increase in price of a product

Using the utility maximization rule as your point of reference elucidate the income also substitution effects of an increase in the price of a product with no change in the other product.

  What criterion is applied when choosing a policy instrument

Describe the structure and responsibility for policy tools in The Federal Reserve System. Describe what criterion is applied when choosing a policy instrument.

  Components of the code of ethics

Instruction: Using the Components of the Code of Ethics. Formulate a Code of Ethics for your class. Make your output neat and clean. Make sure that the Code of

  Amount of emissions reduced by each firm

In the absence of regulation, firm 1 would emit 15 and firm 2 would emit 20. The firms have the following marginal control costs where q1 and q2 are the amount of emissions reduced by each firm. If instead an emission permit system was established, h..

  Explain the tax treatment of income from undisclosed sources

1. Explain the tax treatment of income from undisclosed sources of income. [Hint: Your answer should also include how the tax treatment of all other types of in

  Programming and designed for managing data

SQL is a domain-specific language used in programming and designed for managing data held in a relational database management system

  How have their incentives to purchase snow removal changed

Madison has two residents: Sam and Ryan. Both love to drive. Each resident’sutility depends positively on the weight of his own car (Wr or Ws) and the totalamount of a public good, snow removal, purchased in the town. Speci?cally,both residents i hav..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd