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Efficiency and equity in dynamic principal-agent problems

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  • T. Ramamohan Rao

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  • T. Ramamohan Rao, 1992. "Efficiency and equity in dynamic principal-agent problems," Journal of Economics, Springer, vol. 55(1), pages 17-41, February.
    • Handle: RePEc:kap:jeczfn:v:55:y:1992:i:1:p:17-41
    DOI: 10.1007/BF01236006
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    1. Hoel, Michael, 1978. "Distribution and Growth as a Differential Game between Workers and Capitalists," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 19(2), pages 335-350, June.
    2. Gradus, R.H.J.M., 1987. "The reaction of the firm on governmental policy : A game-theoretical approach," Other publications TiSEM 4d883713-719a-4635-a335-8, Tilburg University, School of Economics and Management.
    3. James M. Malcomson & Frans Spinnewyn, 1988. "The Multiperiod Principal-Agent Problem," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 55(3), pages 391-407.
    4. Glenn M. MacDonald, 1984. "New Directions in the Economic Theory of Agency," Canadian Journal of Economics, Canadian Economics Association, vol. 17(3), pages 415-440, August.
    5. Jacques Cremer, 1986. "Cooperation in Ongoing Organizations," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 101(1), pages 33-49.
    6. George J. Mailath & Andrew Postlewaite, 1990. "Workers Versus Firms: Bargaining Over a Firm's Value," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 57(3), pages 369-380.
    7. Lucas, Robert Jr., 1988. "On the mechanics of economic development," Journal of Monetary Economics, Elsevier, vol. 22(1), pages 3-42, July.
    8. Fudenberg, Drew & Tirole, Jean, 1989. "Noncooperative game theory for industrial organization: An introduction and overview," Handbook of Industrial Organization, in: R. Schmalensee & R. Willig (ed.), Handbook of Industrial Organization, edition 1, volume 1, chapter 5, pages 259-327, Elsevier.
    9. Haurie, Alain & Pohjola, Matti, 1987. "Efficient equilibria in a differential game of capitalism," Journal of Economic Dynamics and Control, Elsevier, vol. 11(1), pages 65-78, March.
    10. Benhabib, Jess & Ferri, Giovanni, 1987. "Bargaining and the evolution of cooperation in a dynamic game," Economics Letters, Elsevier, vol. 24(2), pages 107-111.
    11. Carlton, Dennis W., 1989. "The theory and the facts of how markets clear: Is industrial organization valuable for understanding macroeconomics?," Handbook of Industrial Organization, in: R. Schmalensee & R. Willig (ed.), Handbook of Industrial Organization, edition 1, volume 1, chapter 15, pages 909-946, Elsevier.
    12. Kaitala, Veijo & Pohjola, Matti, 1990. "Economic Development and Agreeable Redistribution in Capitalism: Efficient Game Equilibria in a Two-Class Neoclassical Growth Model," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 31(2), pages 421-438, May.
    13. Lancaster, Kelvin, 1973. "The Dynamic Inefficiency of Capitalism," Journal of Political Economy, University of Chicago Press, vol. 81(5), pages 1092-1109, Sept.-Oct.
    14. Basar, Tamer & Haurie, Alain & Ricci, Gianni, 1985. "On the dominance of capitalists leadership in a Feedback-Stackelberg solution of a differential game model of capitalism," Journal of Economic Dynamics and Control, Elsevier, vol. 9(1), pages 101-125, September.
    15. Hess, James D., 1983. "The Economics of Organization," Elsevier Monographs, Elsevier, edition 1, number 9780444865892 edited by Bliss, C.J. & Intriligator, M.D..
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    Cited by:

    1. Seo, Frank & Hudson, Darren & McCallister, Donna & Johnson, Phil & Park, John, 2024. "Managers, Boards, and the Principal-Agent Problem in Cooperatives: A Survey of Cooperative Managers in Texas," Journal of Cooperatives, NCERA-210, vol. 37, December.

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