Browsing ITLS Working Papers 2012 by subject "Ownership; risk management; contract theory; theory of incomplete contract; incentive alignment; public-privatepartnerships; discrete choice models; stated choice experiment"
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Property rights, right to efficiency?
Published 2012-07-01The assignment of property rights to incentivise risk-sharing in a principal-agent relationship is a recurrent theme of contract theory. This paper examines the incentive effects of property rights in a principal-agent ...Working Paper