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  • 1
    Electronic Resource
    Electronic Resource
    Springer
    Annals of operations research 54 (1994), S. 57-78 
    ISSN: 1572-9338
    Keywords: Principal-agent ; multi-agents ; linear incentive schemes ; firm organization ; environmental policy ; JEL D82 ; L22 ; Q28
    Source: Springer Online Journal Archives 1860-2000
    Topics: Mathematics , Economics
    Notes: Abstract Two types of linear-quadratic principal-agent models will be considered: one in which a single agent has to perform several tasks and one in which several agents have to perform a certain task. For both models, we derive optimal contractual principal-agent relations. It turns out that under certain conditions (concerning risk-aversion and the correlation of the agents' outcome) the multiple-agent problem reduces to a multiple-task one-agent problem. Our results will be discussed within the framework of (multiple-) point pollution to which, in addition, also the results of the standard principal-agent model will be applied.
    Type of Medium: Electronic Resource
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  • 2
    Electronic Resource
    Electronic Resource
    Springer
    Empirica 21 (1994), S. 245-253 
    ISSN: 1573-6911
    Keywords: Commercial banking ; data-envelopment analysis ; returns to scale ; technical efficiency ; D24 ; G21
    Source: Springer Online Journal Archives 1860-2000
    Topics: Economics
    Notes: Abstract In a pooled time-series cross-section study covering the period 1987–1991, the technical efficiency of Austrian all-purpose banks is analysed. The sample covers banks of all size classes, among them the largest 18 banks as well as some of the very small banks. The empirical results show that local banks and nationwide operating banks are technically most efficient while regional banks are least efficient. Moreover, it can be shown that the technical efficiency of nationwide operating banks improved substantially in the period analysed relative to that of local and regional banks.
    Type of Medium: Electronic Resource
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  • 3
    Electronic Resource
    Electronic Resource
    Springer
    Journal of evolutionary economics 3 (1993), S. 127-144 
    ISSN: 1432-1386
    Keywords: Theory of the firm ; Integration strategies ; Economic competence ; L22
    Source: Springer Online Journal Archives 1860-2000
    Topics: Economics
    Notes: Abstract The article compares alternative approaches to the theory of the firm. The two main approaches confronted are the contractual (Coasian) perspective and the competence (evolutionary) perspective. Whereas the firm as a repository of tacit knowledge is neglected in the contractual perspectives, it occupies center stage in the competence perspective. It is argued that the competence perspective is not only applicable an understanding of the sources of firms' competitive advantage, but may also be applied to the issues of the existence and the boundaries of the firm. This means that a distinct theory of the firm can be constructed on the basis of evolutionary theory.
    Type of Medium: Electronic Resource
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