Principal agent theory master thesis

The principal-agent problem also refers to the conflicts of interest and moral hard issues that arise when a principal hires an agent to perform specific duties that are in the best interest of the principal. The agent can abuse the information opportunistically for his advantage.

Because of the limited size of this report it is not possible to approach the whole topic all-embracing. Linear models for nonstationary data: Interviewees described how some investments were built on erroneous beliefs and lacked complete due diligence. This course will survey econometric methods for the analysis of panel and limited dependent variable data.

Developing, writing and presenting economic analyses of empirical issues chosen by each student. The asymmetries between LSH and the stakeholder groups are goal asymmetry, perception asymmetry and service compatibility.

Introduction to principles of estimation of linear regression models, such as ordinary least squares and generalized least squares.

Consideration given to structural changes required for raising standards of living. This can be devastating particularly when you no longer have the funds!!. Formalization of economic hypotheses into testable relationships and application of appropriate statistical techniques.

The aim of this research is to contribute to the success of the innovation program by decreasing the differences in characteristics like goals, perceptions and services between stakeholders and LSH.

Master of Arts (M.A.) Economics (Non-Thesis) (45 credits)

One of the subjects performs an action to achieve its goals. This effect is called the principal-agency-problem. For example, your boss at work. For students in non thesis master's programs who have completed all other requirements of the degree except preparing for and taking the final master's exam.

Addressing CSR issues in supplier-buyer relationships: Agency theory perspective

Economic intuition is stressed. Primal-dual relationships in consumer theory including indirect utility functions and consumer expenditure functions. The theory of monopoly. It is however, important to note that some economists such as Wilkinson have recommended monitoring as one of the possible remedies to the principal agent problem.

For students who have completed all credit hour requirements and full-time enrollment for the master's degree and are writing and defending their theses.

Otto-von-Guericke-Universität Magdeburg

His thesis received the Kauffman Foundation Dissertation Award for As a consequence the bad-skilled agents will accept the average offer because they feel well-paid and the high-quality agents will not accept the offer because they expect better quotations.

Production technology and the theory of the firm including cost minimization and profit maximization. Excerpt Managerial theories and the principal agent problem:. problem arises when there are two parties, with one, the agent, acting on behalf of the other, the principal.

Agency theory assumes that both the agent and the principal act out of self-interest. When Master’s Thesis Roy Peeters 5. This sample Principal-Agent Theory Research Paper features + words (23 pages), an outline, APA format in-text citations, and a bibliography with @misc{, abstract = {This thesis uses the principal-agent theory to analyse two interconnected problems within the Japan’s renewable energy sector, namely the Feed-in Tariff (FIT) policy, and the energy grid issue.

Topics Here are research topics for Master- and Diplomatheses. In principle, all topics covered in lectures or seminars of the chair can be elaborated on in theses. These are some of the questions a master thesis can answer. Principal-Agent models and the effort-reward-imbalance view.

Relationship between buyer and supplier embodies principal agent relationships, where buyer is a principal and supplier is an agent, therefore, the agency theory was chosen as a central theoretical framework for this research.

The basic message of this theory is that the agent has an information advantage which the principal cannot observe. So the agent uses this private information for himself. In the first part of.

Principal agent theory master thesis
Rated 0/5 based on 1 review
Integration in the Time of Crisis: A historic case study on European economic integration