A state-contingent production approach to principal-agent problems with an application to point-source pollution control
Author
Abstract
Suggested Citation
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- John Quiggin & Robert G. Chambers, 2006.
"The state-contingent approach to production under uncertainty ,"
Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 50(2), pages 153-169, June.
- Quiggin, John C. & Chambers, Robert G., 2006. "The state-contingent approach to production under uncertainty," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 50(2), pages 1-17, June.
- John Quiggin & Robert G. Chambers, "undated". "The state-contingent approach to production under uncertainty," Risk & Uncertainty Working Papers WPR05_1, Risk and Sustainable Management Group, University of Queensland.
- Chambers,Robert G., 1988. "Applied Production Analysis," Cambridge Books, Cambridge University Press, number 9780521314275.
- Guesnerie, Roger & Seade, Jesus, 1982.
"Nonlinear pricing in a finite economy,"
Journal of Public Economics, Elsevier, vol. 17(2), pages 157-179, March.
- Guesnerie Roger & Seade Jesus, 1981. "Nonlinear pricing in a finite economy," CEPREMAP Working Papers (Couverture Orange) 8118, CEPREMAP.
- Holmstrom, Bengt & Milgrom, Paul, 1987.
"Aggregation and Linearity in the Provision of Intertemporal Incentives,"
Econometrica, Econometric Society, vol. 55(2), pages 303-328, March.
- Bengt Holmstrom & Paul R. Milgrom, 1985. "Aggregation and Linearity in the Provision of Intertemporal Incentives," Cowles Foundation Discussion Papers 742, Cowles Foundation for Research in Economics, Yale University.
- Weymark, John A., 1986. "A reduced-form optimal nonlinear income tax problem," Journal of Public Economics, Elsevier, vol. 30(2), pages 199-217, July.
- A. G. Malliaris (ed.), 1997. "Futures Markets," Books, Edward Elgar Publishing, volume 0, number 972.
- Bengt Holmstrom, 1979.
"Moral Hazard and Observability,"
Bell Journal of Economics, The RAND Corporation, vol. 10(1), pages 74-91, Spring.
- Bengt Holmstrom, 1997. "Moral Hazard and Observability," Levine's Working Paper Archive 1205, David K. Levine.
- HOLMSTROM, Bengt, 1979. "Moral hazard and observability," LIDAM Reprints CORE 379, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Holmstrom, Bengt & Milgrom, Paul, 1991. "Multitask Principal-Agent Analyses: Incentive Contracts, Asset Ownership, and Job Design," The Journal of Law, Economics, and Organization, Oxford University Press, vol. 7(0), pages 24-52, Special I.
- Chambers, Robert G. & Quiggin, John C., 1992.
"Production Under Uncertainty,"
1992 Conference (36th), February 10-13, 1992, Canberra, Australia
146428, Australian Agricultural and Resource Economics Society.
- Chambers, Robert G. & Quiggin, John, 1992. "Production Under Uncertainty," Working Papers 197781, University of Maryland, Department of Agricultural and Resource Economics.
- Weymark, John A, 1987. "Comparative Static Properties of Optimal Nonlinear Income Taxes," Econometrica, Econometric Society, vol. 55(5), pages 1165-1185, September.
- J. A. Mirrlees, 1971. "An Exploration in the Theory of Optimum Income Taxation," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 38(2), pages 175-208.
- Raviv, Artur, 1979. "The Design of an Optimal Insurance Policy," American Economic Review, American Economic Association, vol. 69(1), pages 84-96, March.
- Harris, Milton & Raviv, Artur, 1979. "Optimal incentive contracts with imperfect information," Journal of Economic Theory, Elsevier, vol. 20(2), pages 231-259, April.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Quiggin, John & Chambers, Robert G., 2006.
"Capital market equilibrium with moral hazard and flexible technology,"
Journal of Mathematical Economics, Elsevier, vol. 42(3), pages 358-363, June.
- John Quiggin & Robert G. Chambers, 2004. "Capital market equilibrium with moral hazard and flexible technology," Risk & Uncertainty Working Papers WPR04_9, Risk and Sustainable Management Group, University of Queensland.
- Jutta Roosen & David A. Hennessy, 2003.
"Tests for the Role of Risk Aversion on Input Use,"
American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 85(1), pages 30-43.
- Roosen, Jutta & Hennessy, David A., 2001. "Tests For The Role Of Risk Aversion On Input Use," 2001 Annual meeting, August 5-8, Chicago, IL 20498, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
- Roosen, Jutta & Hennessy, David A., 2003. "Tests for the Role of Risk Aversion on Input Use," Staff General Research Papers Archive 10071, Iowa State University, Department of Economics.
- Grant, Simon & Quiggin, John, 2003. "The Risk Premium for Equity: Implicatiosn for Resource Allocation, Welfare adn Policy," Working Papers 2003-14, Rice University, Department of Economics.
- John Quiggin & Robert G Chambers, 2009.
"Bargaining Power and Efficiency in Insurance Contracts,"
The Geneva Risk and Insurance Review, Palgrave Macmillan;International Association for the Study of Insurance Economics (The Geneva Association), vol. 34(1), pages 47-73, June.
- Quiggin, John & Chambers, Robert G., 2005. "Bargaining power and efficiency in insurance contracts," Risk and Sustainable Management Group Working Papers 151182, University of Queensland, School of Economics.
- John Quiggin & Robert G. Chambers, 2007. "Bargaining power and efficiency in insurance contracts," Risk & Uncertainty Working Papers WP5R07, Risk and Sustainable Management Group, University of Queensland.
- Karni, Edi, 2005. "Subjective expected utility theory with costly actions," Games and Economic Behavior, Elsevier, vol. 50(1), pages 28-41, January.
- Grant, S. & Quiggin, J., 2001.
"The Risk Premium for Equity : Explanations and Implications,"
Other publications TiSEM
a005f0a9-58af-4a64-b306-a, Tilburg University, School of Economics and Management.
- Grant, S. & Quiggin, J., 2001. "The Risk Premium for Equity : Explanations and Implications," Discussion Paper 2001-89, Tilburg University, Center for Economic Research.
- Elofsson, Katarina, 2011. "Contracting Nitrogen Abatement in the Baltic Proper Watershed Under the Risk of Climate Change," 2011 International Congress, August 30-September 2, 2011, Zurich, Switzerland 114344, European Association of Agricultural Economists.
- Mickael Beaud & Marc Willinger, 2015. "Are People Risk Vulnerable?," Management Science, INFORMS, vol. 61(3), pages 624-636, March.
- Jaenicke, Edward C. & Larson, James A., 2001. "Production Risk Revisited In A Stochastic Frontier Framework: Evaluating Noise And Inefficiency In Cover Crop Systems," 2001 Annual meeting, August 5-8, Chicago, IL 20477, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
- Grant, Simon & Jude Kline, J. & Quiggin, John, 2018. "Contracting under uncertainty: A principal–agent model with ambiguity averse parties," Games and Economic Behavior, Elsevier, vol. 109(C), pages 582-597.
- John Quiggin, 2001. "Economic solubility of the agency problem," Economics Bulletin, AccessEcon, vol. 3(4), pages 1-6.
- Robert G. Chambers & Tigran A. Melkonyan, 2010. "Regulatory Policy Design in an Uncertain World," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 12(6), pages 1081-1107, December.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Alex Edmans & Xavier Gabaix, 2016.
"Executive Compensation: A Modern Primer,"
Journal of Economic Literature, American Economic Association, vol. 54(4), pages 1232-1287, December.
- Gabaix, Xavier & Edmans, Alex, 2015. "Executive Compensation: A Modern Primer," CEPR Discussion Papers 10566, C.E.P.R. Discussion Papers.
- Edmans, Alex & Gabaix, Xavier, 2016. "Executive Compensation: A Modern Primer," Scholarly Articles 34651704, Harvard University Department of Economics.
- Alex Edmans & Xavier Gabaix, 2015. "Executive Compensation: A Modern Primer," NBER Working Papers 21131, National Bureau of Economic Research, Inc.
- Chambers, Robert G. & Quiggin, John, 1996. "Non-point-source pollution regulation as a multi-task principal-agent problem," Journal of Public Economics, Elsevier, vol. 59(1), pages 95-116, January.
- Bartsch, Elga, 1996. "Enforcement of environmental liability in the case of uncertain causality and asymmetric information," Kiel Working Papers 755, Kiel Institute for the World Economy (IfW Kiel).
- David Martimort & Flavio Menezes & Myrna Wooders & ELISABETTA IOSSA & DAVID MARTIMORT, 2015.
"The Simple Microeconomics of Public-Private Partnerships,"
Journal of Public Economic Theory, Association for Public Economic Theory, vol. 17(1), pages 4-48, February.
- Elisabetta Iossa & David Martimort, 2008. "The Simple Micro-Economics of Public-Private Partnerships," CEIS Research Paper 139, Tor Vergata University, CEIS, revised 15 Feb 2013.
- Elisabetta Iossa & David Martimort, 2008. "The Simple Micro-Economics of Public-Private Partnerships," The Centre for Market and Public Organisation 08/199, The Centre for Market and Public Organisation, University of Bristol, UK.
- Elisabetta Iossa & David Martimort, 2015. "The Simple Microeconomics of Public-Private Partnerships," Post-Print halshs-01109351, HAL.
- Elisabetta Iossa & David Martimort, 2015. "The Simple Microeconomics of Public-Private Partnerships," PSE-Ecole d'économie de Paris (Postprint) halshs-01109351, HAL.
- Elisabetta Iossa & David Martimort, 2015. "The Simple Microeconomics of Public-Private Partnerships," PSE - Labex "OSE-Ouvrir la Science Economique" halshs-01109351, HAL.
- Elisabetta Iossa & David Martimort, 2012.
"Risk allocation and the costs and benefits of public--private partnerships,"
RAND Journal of Economics, RAND Corporation, vol. 43(3), pages 442-474, September.
- Iossa, Elisabetta & Martimort, David, 2011. "Risk Allocation and the Costs and Benefits of Public-Private Partnerships," CEPREMAP Working Papers (Docweb) 1104, CEPREMAP.
- Elisabetta Iossa & David Martimort, 2012. "Risk allocation and the costs and benefits of public--private partnerships," Post-Print hal-00813153, HAL.
- Elisabetta Iossa & David Martimort, 2012. "Risk allocation and the costs and benefits of public--private partnerships," PSE - Labex "OSE-Ouvrir la Science Economique" hal-00813153, HAL.
- Elisabetta Iossa & David Martimort, 2012. "Risk allocation and the costs and benefits of public--private partnerships," PSE-Ecole d'économie de Paris (Postprint) hal-00813153, HAL.
- Oyer, Paul & Schaefer, Scott, 2011.
"Personnel Economics: Hiring and Incentives,"
Handbook of Labor Economics, in: O. Ashenfelter & D. Card (ed.), Handbook of Labor Economics, edition 1, volume 4, chapter 20, pages 1769-1823,
Elsevier.
- Paul Oyer & Scott Schaefer, 2010. "Personnel Economics: Hiring and Incentives," NBER Working Papers 15977, National Bureau of Economic Research, Inc.
- Pedro Ortín‐Ángel & Vicente Salas‐fumás, 1998. "Agency‐Theory and Internal‐Labor‐Market Explanations of Bonus Payments: Empirical Evidence from Spanish Firms," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 7(4), pages 573-613, December.
- Issouf Soumaré, 2013. "Incentives and Voluntary Investment in Employer Shares," Economic Notes, Banca Monte dei Paschi di Siena SpA, vol. 42(1), pages 1-17, February.
- Bushman, Robert M. & Smith, Abbie J., 2001. "Financial accounting information and corporate governance," Journal of Accounting and Economics, Elsevier, vol. 32(1-3), pages 237-333, December.
- Arifovic, Jasmina & Karaivanov, Alexander, 2010.
"Learning by doing vs. learning from others in a principal-agent model,"
Journal of Economic Dynamics and Control, Elsevier, vol. 34(10), pages 1967-1992, October.
- Jasmina Arifovic & Alexander Karaivanov, 2007. "Learning by Doing vs. Learning from Others in a Principal-Agent Model," Discussion Papers dp07-24, Department of Economics, Simon Fraser University.
- repec:eee:labchp:v:3:y:1999:i:pb:p:2373-2437 is not listed on IDEAS
- Asunur Cezar & Huseyin Cavusoglu & Srinivasan Raghunathan, 2014. "Outsourcing Information Security: Contracting Issues and Security Implications," Management Science, INFORMS, vol. 60(3), pages 638-657, March.
- Oztek, Abdullah Selim, 2019. "A Characterization for Marginal Income Tax Schedules," MPRA Paper 103046, University Library of Munich, Germany, revised 02 Dec 2019.
- Fleurbaey, Marc & Gary-Bobo, Robert J. & Maguain, Denis, 2002.
"Education, distributive justice, and adverse selection,"
Journal of Public Economics, Elsevier, vol. 84(1), pages 113-150, April.
- M. Fleurbaey & R. J. Gary-Bobo & D. Maguain, 2000. "Education, Distributive Justice, and Adverse Selection," THEMA Working Papers 2000-14, THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise.
- Gary-Bobo, Robert J. & Fleurbaey, Marc & Maguain, Denis, 2002. "Education, Distributive Justice and Adverse Selection," CEPR Discussion Papers 2897, C.E.P.R. Discussion Papers.
- Oindrila Dey & Swapnendu Banerjee, 2022.
"Incentives, Status and Thereafter: A Critical Survey,"
South Asian Journal of Macroeconomics and Public Finance, , vol. 11(1), pages 95-115, June.
- Dey, Oindrila & Banerjee, Swapnendu, 2010. "Incentive, status and thereafter: A critical survey," MPRA Paper 57058, University Library of Munich, Germany.
- Bartsch, Elga, 1997.
"Environmental liability, imperfect information, and multidimensional pollution control,"
International Review of Law and Economics, Elsevier, vol. 17(1), pages 139-146, March.
- Bartsch, Elga, 1995. "Environmental liability, imperfect information and multidimensional pollution control," Kiel Working Papers 690, Kiel Institute for the World Economy (IfW Kiel).
- Acemoglu, Daron & Zilibotti, Fabrizio, 1997.
"Setting Standards: Information Accumulation in Development,"
CEPR Discussion Papers
1641, C.E.P.R. Discussion Papers.
- Daron Acemoglu & Fabrizio Zilibotti, 1997. "Setting standards: Information accumulation in development," Economics Working Papers 212, Department of Economics and Business, Universitat Pompeu Fabra.
- Acemoglu, D. & Zilibotti, F., 1997. "Setting Standards: Information Accumulation in Development," Working papers 97-6, Massachusetts Institute of Technology (MIT), Department of Economics.
- Cecchini, Mark & Ecker, Joseph & Kupferschmid, Michael & Leitch, Robert, 2013. "Solving nonlinear principal-agent problems using bilevel programming," European Journal of Operational Research, Elsevier, vol. 230(2), pages 364-373.
- Arruñada Benito & Garicano Luis & Vázquez Luis, 2005.
"Completing Contracts Ex Post: How Car Manufacturers Manage Car Dealers,"
Review of Law & Economics, De Gruyter, vol. 1(1), pages 149-173, April.
- Benito Arruñada & Luis Garicano & Luis Vázquez, 1998. "Completing contracts ex post: How car manufacturers manage car dealers," Economics Working Papers 267, Department of Economics and Business, Universitat Pompeu Fabra, revised Jul 2004.
- Carolyn J. Heinrich & Gerald Marschke, 2010. "Incentives and their dynamics in public sector performance management systems," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 29(1), pages 183-208.
- Gramig, Benjamin M. & Horan, Richard D. & Wolf, Christopher A., 2005. "A Model of Incentive Compatibility under Moral Hazard in Livestock Disease Outbreak Response," 2005 Annual meeting, July 24-27, Providence, RI 19200, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
Corrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:pubeco:v:70:y:1998:i:3:p:441-472. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/inca/505578 .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.