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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