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  • 1
    UID:
    gbv_1831652617
    ISBN: 9780444536860
    Content: This chapter deals with uncertainty and incomplete information in markets. It first considers situations in which the contract proposer is the ignorant party with the problem of designing a mechanism that induces the counter party, who is exogenously endowed with his information, to reveal that information in such a way that maximizes the contract proposer’s expected payoff. In contrast to settings of symmetric information, inefficiencies will tend to arise in equilibrium. Also considered is the situation when each side of the transaction is endowed with his or her own payoff-relevant information. Here the focus is on whether and how a social planner could design a contract to achieve efficiency. The following section assumes it is the contract proposer who is endowed with the payoff-relevant information. The quintessential example of this is a seller who knows the quality of the good she seeks to sell. Because she cannot commit fully to not deceive her counter party, inefficiencies arise. The last section examines the problems that arise if the asymmetry of information arises endogenously, because one party’s prior-to-trade actions provide him or her payoff-relevant information.
    In: Handbook of the economics of risk and uncertainty, Amsterdam : Elsevier, North-Holland, 2014, (2014), Seite 263-384, 9780444536860
    In: 0444536868
    In: year:2014
    In: pages:263-384
    Language: English
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 2
    UID:
    gbv_1831630745
    ISBN: 9780444635303
    Content: This chapter provides a critical review and survey of aspects of formal and informal contracting particularly relevant to the study of corporate governance. Two types of modeling, hidden-information agency and informal (relational) contracting that are perhaps under-utilized in governance research are covered, as well as the more commonly used hidden-action agency model. The strengths and weaknesses of these models, their sometimes contradictory predictions, and their relation to empirical work are all touched upon.
    In: The handbook of the economics of corporate governance ; Volume 1, Amsterdam : Elsevier, North Holland, 2017, (2017), Seite 17-91, 9780444635303
    In: year:2017
    In: pages:17-91
    Language: English
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 3
    UID:
    gbv_1831630761
    ISBN: 9780444635303
    Content: A manager's current and potential future employers are continually assessing her or his ability. Such assessment is a crucial component of corporate governance and this chapter provides an overview of the research on that aspect of governance. In particular, we review how assessment generates incentives (both good and bad), generates risks that must be faced by both managers and firms, and affects the contractual relationships between those parties in important ways. Assessment (or learning) proves a key perspective from which to study, evaluate, and possibly even regulate corporate governance. Moreover, because learning is a behavior notoriously subject to systematic biases, this perspective is a natural avenue through which to introduce behavioral and psychological insights into the study of corporate governance.
    In: The handbook of the economics of corporate governance ; Volume 1, Amsterdam : Elsevier, North Holland, 2017, (2017), Seite 93-176, 9780444635303
    In: year:2017
    In: pages:93-176
    Language: English
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 4
    UID:
    gbv_1831632187
    ISBN: 9780080554242
    Content: This chapter surveys major issues arising in the economic analysis of contract law. It begins with an introductory discussion of scope and methodology, and then addresses four main topics that correspond to the major doctrinal divisions of the law of contracts. These divisions include freedom of contract (the extent of private power to create binding obligations), formation of contracts (the procedural mechanics of exchange, and the rules that govern pre-contractual behavior), contract interpretation (the consequences that follow when agreements are ambiguous or incomplete), and enforcement of contractual obligations (the choice between private and public enforcement, and the legal remedies that follow from breach of contract). In each of these sections, we provide an economic analysis of relevant legal rules and institutions, and of the connections between legal arrangements and corresponding topics in microeconomic theory, such as welfare economics and the theory of contracts.
    In: Handbook of law and economics, Amsterdam : Elsevier, 2007, (2007), Seite 3-138, 9780080554242
    In: 0080554245
    In: 9780444512352
    In: 0444512357
    In: year:2007
    In: pages:3-138
    Language: English
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 5
    UID:
    gbv_1831630699
    ISBN: 9780444635303
    Content: Introduction to volume on the Economics of Corporate Governance.
    In: The handbook of the economics of corporate governance ; Volume 1, Amsterdam : Elsevier, North Holland, 2017, (2017), Seite 1-15, 9780444635303
    In: year:2017
    In: pages:1-15
    Language: English
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 6
    UID:
    gbv_1570384185
    Format: Online-Ressource
    Series Statement: Handbooks in economics
    Uniform Title: The economics of corporate governance
    Additional Edition: Erscheint auch als Druck-Ausgabe The handbook of the economics of corporate governance Amsterdam : North-Holland Elsevier, 2017
    Language: English
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  • 7
    UID:
    almafu_BV026944496
    Format: 39 S. : , graph. Darst.
    Series Statement: Working paper series / National Bureau of Economic Research 8161
    Language: English
    URL: Volltext  (kostenfrei)
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  • 8
    UID:
    gbv_1570390088
    Format: 1 Online-Ressource (xi, 747 Seiten)
    ISBN: 9780444635303
    Series Statement: Handbooks in economics
    Content: Introduction: the study of corporate governance / Benjamin E. Hermalin, Michael S. Weisbach -- Aspects of the economics of organization with application to corporate governance / Benjamin E. Hermalin -- Assessing managerial ability: implications for corporate governance / Benjamin E. Hermalin, Michael S. Weisbach -- Law and corporate governance / Robert Bartlett, Eric Talley -- The evidence on mergers and acquisitions: a historical and modern report / J. Harold Mulherin, Jeffry M. Netter, Annette B. Poulsen -- Boards, and the directors who sit on them / Renée Birgit Adams -- Executive compensation: a survey of theory and evidence / Alex Edmans, Xavier Gabaix, Dirk Jenter -- Blockholders: a survey of theory and evidence / Alex Edmans, Clifford G. Holderness -- Governance and stakeholders / Vikas Mehrotra, Randall Morck -- Evolution of ownership and control around the world: the changing face of capitalism / Julian Franks, Colin Mayer.
    Content: "The Handbook of the Economics of Corporate Governance, Volume One, covers all issues important to economists. It is organized around fundamental principles, whereas multidisciplinary books on corporate governance often concentrate on specific topics. Specific topics include Relevant Theory and Methods, Organizational Economic Models as They Pertain to Governance, Managerial Career Concerns, Assessment & Monitoring, and Signal Jamming, The Institutions and Practice of Governance, The Law and Economics of Governance, Takeovers, Buyouts, and the Market for Control, Executive Compensation, Dominant Shareholders, and more. Providing excellent overviews and summaries of extant research, this book presents advanced students in graduate programs with details and perspectives that other books overlook."--Publisher's description
    In: Volume 1
    Additional Edition: ISBN 9780444635402
    Additional Edition: ISBN 0444635408
    Additional Edition: ISBN 0444635300
    Additional Edition: ISBN 9780444635303
    Additional Edition: ISBN 0444635300
    Additional Edition: ISBN 9780444635303
    Additional Edition: Erscheint auch als Druck-Ausgabe The handbook of the economics of corporate governance ; Volume 1 Amsterdam : North-Holland Elsevier, 2017 ISBN 9780444635303
    Language: English
    Keywords: Corporate Governance ; Electronic books
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 9
    UID:
    almahu_9948620923602882
    Format: 1 online resource (762 pages) : , illustrations.
    ISBN: 0-444-63540-8
    Series Statement: Handbooks in Economics
    Content: The Handbook of the Economics of Corporate Governance, Volume One, covers all issues important to economists. It is organized around fundamental principles, whereas multidisciplinary books on corporate governance often concentrate on specific topics. Specific topics include Relevant Theory and Methods, Organizational Economic Models as They Pertain to Governance, Managerial Career Concerns, Assessment & Monitoring, and Signal Jamming, The Institutions and Practice of Governance, The Law and Economics of Governance, Takeovers, Buyouts, and the Market for Control, Executive Compensation, Dominant Shareholders, and more. Providing excellent overviews and summaries of extant research, this book presents advanced students in graduate programs with details and perspectives that other books overlook. --
    Note: Introduction : The Study of Corporate Governance / Benjamin E. Hermalin, Michael S. Weisbach -- Aspects of the Economics of Organization with Application to Corporate Governance / Benjamin E. Hermalin -- Assessing Managerial Ability : Implications for Corporate Governance / Benjamin E. Hermalin, Michael S. Weisbach -- Law and Corporate Governance / Robert Bartlett, Eric Talley -- The Evidence on Mergers and Acquisitions : A Historical and Modern Report / J. Harold Mulherin, Jeffry M. Netter, Annette B. Poulsen -- Boards, and the Directors Who Sit on Them / Renée B. Adams -- Executive Compensation : A Survey of Theory and Evidence / Alex Edmans, Xavier Gabaix, Dirk Jenter -- Blockholders : A Survey of Theory and Evidence / Alex Edmans, Clifford G. Holderness -- Governance and Stakeholders / Vikas Mehrotra, Randall Morck -- Evolution of Ownership and Control Around the World : The Changing Face of Capitalism / Julian Franks, Colin Mayer.
    Additional Edition: ISBN 0-444-63530-0
    Language: English
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  • 10
    Online Resource
    Online Resource
    Saint Louis : Elsevier Science & Technology
    UID:
    b3kat_BV044979111
    Format: 1 online resource (762 pages)
    ISBN: 9780444635303
    Series Statement: Handbooks in Economics
    Note: Description based on publisher supplied metadata and other sources
    Additional Edition: Erscheint auch als Druck-Ausgabe Hermalin, Benjamin The Handbook of the Economics of Corporate Governance Saint Louis : Elsevier Science & Technology,c2017 ISBN 9780444635303
    Additional Edition: Erscheint auch als Druck-Ausgabe ISBN 0444635300
    Language: English
    Subjects: Economics
    RVK:
    URL: Volltext  (URL des Erstveröffentlichers)
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