{"product_id":"formulating-principal-agent-service-contracts-for-a-revenue-generating-unit-von-moshe-dror-und-shuo-zeng","title":"Formulating Principal-Agent Service Contracts for a Revenue Generating Unit","description":"\n                \u003cp\u003eThis 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, the authors identify the conditions under which a principal contracts with a risk-neutral, risk-averse, or risk-seeking agent and derive the principal's optimal offer together with the agent's optimal service capacity response. In essence, the book provides an extensive formulating analysis of principal-agent contracts given any exogenous parameter values. Ultimately a small number of formulas cover a large spectrum of principal-agent conditions.\u003c\/p\u003e\n            \u003cdiv class=\"aw-variant-hidden-subtitle-div\" id=\"aw-variant-subtitle-9783319186719\"\u003e\u003ch3\u003e\u003c\/h3\u003e\u003c\/div\u003e","brand":"Autorenwelt Shop","offers":[{"title":"Softcover - 9783319186719","offer_id":40592984408157,"sku":"9783319186719","price":53.49,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0940\/0622\/files\/52b8cea4-4574-4139-ae70-878f272c6a41.jpg?v=1775278416","url":"https:\/\/shop.autorenwelt.de\/en\/products\/formulating-principal-agent-service-contracts-for-a-revenue-generating-unit-von-moshe-dror-und-shuo-zeng","provider":"Autorenwelt Shop","version":"1.0","type":"link"}