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  5. Value of Signals in Hidden Action Models

Value of Signals in Hidden Action Models

- Concepts, Application, and Empirical Evidence

af Wendelin Schnedler

indgår i Contributions to Economics serien

Value of Signals in Hidden Action Models af Wendelin Schnedler
Bag om Value of Signals in Hidden Action Models

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. Workers may profit from this vagueness by reducing effort to a comfortable amount -as long as tracks are laid, they do not violate contract conditions.

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  • Sprog:
  • Engelsk
  • ISBN:
  • 9783790801736
  • Indbinding:
  • Paperback
  • Sideantal:
  • 162
  • Udgivet:
  • 9. februar 2004
  • Udgave:
  • 12004
  • Størrelse:
  • 234x156x9 mm.
  • Vægt:
  • 570 g.
  • 8-11 hverdage.
  • 6. december 2024

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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. Workers may profit from this vagueness by reducing effort to a comfortable amount -as long as tracks are laid, they do not violate contract conditions.

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