Blockchain technology produced a new business model; one that enables companies to profit through creating and releasing open-source code. The decentralisation of business orgs creates new corporate ...

In this paper, we study the principal-agent problem. It is well known that in continuous-time, it is possible to prove the existence of an equilibrium (u*, S*) in a considerably general setting, and ...

As a small business owner, it's likely that you routinely employ other people to perform tasks and make decisions on your behalf. Delegating responsibility can take a lot of weight off your shoulders ...

Citations: Besanko, David, Pierre Regibeau, Kate Rockett. 2005. A Multi-Task Principal-Agent Model of Organizational Form. Journal of Industrial Economics. (4)437-467.