The principal-agent problem describes a class of interactions between two parties to a contract, an agent and a principal. The legal origin of these terms suggests that the principal engages the agent to act on his(the principal s behalf. In economic applications, the agent is not necessarily an employe

“政治”与“经济” “政治”的词源 Politics/PoliticalPolitike来源于古希腊语/ Polis “经济”的词源 Economy/Economic来源于古希腊语 Oikonomial Oikonomos/ Oikos

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Eco514 Game Theory Lecture 10: Extensive Games with (Almost)Perfect Information Marciano Siniscalchi October 19, 1999 Introduction Beginning with this lecture, we focus our attention on dynamic games. The majority of games of economic interest feature some dynamic component, and most often payoff uncertainty as well. The analysis of extensive games is challenging in several ways. At the most basic level describing the possible sequences of events (choices)which define a particular game form is not problematic per se; yet, different formal definitions have been proposed, each with its pros and cons

DESIGN METHODOLOGY: INPUT-OUTPUT DECISIONS goaL-- Choose the process chemistry and feedstock most appropriate to the plant to be designed and determine the associated economic potential

he formation of the traditional economic system in China 为什么中国盲目学习苏联?要克服的困难一样,所以, 解决的办法也一样 The motivations for adopting the Stalinist heavy-industry-oriented development strategy. a. The dream for nation building, heavy industry and military power b. The experience of Soviet Union's industrialisation 美发生经济大萧条的对比

Beginning with this lecture, we focus our attention on dynamic games. The majority of games of economic interest feature some dynamic component, and most often payoff uncertainty as well. The analysis of extensive games is challenging in several ways. At the most basic level describing the possible sequences of events (choices)which define a particular game form is not problematic per se; yet, different formal definitions have been proposed, each with its pros and cons

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