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- 17 Dec 2013
- First Look
First Look: December 17
system. We show how the principal can influence the value of these options by modularizing the technical system and by hiring clans of agents, thus exploiting relationships among them. Extensions of the model can be used to incorporate View Details
Keywords: Carmen Nobel
- 07 Aug 2012
- First Look
First Look: August 7
incentives on risk assessment and lending decisions. We first show that while high-powered incentives lead to greater screening effort and more profitable lending, their power is muted by both deferred compensation and the limited... View Details
Keywords: Sean Silverthorne
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