Economics of Accounting

Economics of Accounting
Author: Peter Ove Christensen
Publisher: Springer Science & Business Media
Total Pages: 675
Release: 2006-03-30
Genre: Business & Economics
ISBN: 0387265996

This book provides an integrated, technical exposition of key concepts in agency theory, with particular emphasis on analyses of the economic consequences of the characteristics of contractible performance measures, such as accounting reports. It provides a succinct source for learning the fundamentals of the economics of incentives. It will appeal to accounting researchers as well as those in other disciplines who are interested in the economics of management incentives.

Principles of Knowledge Representation and Reasoning

Principles of Knowledge Representation and Reasoning
Author: Jon Doyle
Publisher: Morgan Kaufmann
Total Pages: 680
Release: 1994
Genre: Computers
ISBN:

The proceedings of KR '94 comprise 55 papers on topics including deduction an search, description logics, theories of knowledge and belief, nonmonotonic reasoning and belief revision, action and time, planning and decision-making and reasoning about the physical world, and the relations between KR

Algorithmic Game Theory

Algorithmic Game Theory
Author: Burkhard Monien
Publisher: Springer
Total Pages: 363
Release: 2008-04-20
Genre: Computers
ISBN: 3540793097

This book constitutes the proceedings of the First International Symposium on Algorithmic Game Theory. It covers routing and scheduling, markets, mechanism design, a potpourri of games, solution concepts, and cost sharing.

The Theory of Incentives

The Theory of Incentives
Author: Jean-Jacques Laffont
Publisher: Princeton University Press
Total Pages: 436
Release: 2009-12-27
Genre: Business & Economics
ISBN: 1400829453

Economics has much to do with incentives--not least, incentives to work hard, to produce quality products, to study, to invest, and to save. Although Adam Smith amply confirmed this more than two hundred years ago in his analysis of sharecropping contracts, only in recent decades has a theory begun to emerge to place the topic at the heart of economic thinking. In this book, Jean-Jacques Laffont and David Martimort present the most thorough yet accessible introduction to incentives theory to date. Central to this theory is a simple question as pivotal to modern-day management as it is to economics research: What makes people act in a particular way in an economic or business situation? In seeking an answer, the authors provide the methodological tools to design institutions that can ensure good incentives for economic agents. This book focuses on the principal-agent model, the "simple" situation where a principal, or company, delegates a task to a single agent through a contract--the essence of management and contract theory. How does the owner or manager of a firm align the objectives of its various members to maximize profits? Following a brief historical overview showing how the problem of incentives has come to the fore in the past two centuries, the authors devote the bulk of their work to exploring principal-agent models and various extensions thereof in light of three types of information problems: adverse selection, moral hazard, and non-verifiability. Offering an unprecedented look at a subject vital to industrial organization, labor economics, and behavioral economics, this book is set to become the definitive resource for students, researchers, and others who might find themselves pondering what contracts, and the incentives they embody, are really all about.

Advanced Methods and Technologies for Agent and Multi-Agent Systems

Advanced Methods and Technologies for Agent and Multi-Agent Systems
Author: D. Barbucha
Publisher: IOS Press
Total Pages: 484
Release: 2013-05-14
Genre: Computers
ISBN: 1614992541

The field of agent and multi-agent systems is concerned with the development and evaluation of sophisticated, AI-based, problem solving and control architectures for both single and multi-agent systems. This book presents the proceedings of the 7th KES Conference on Agent and Multi-agent Systems – Technologies and Applications (KES-AMSTA 2013), held in Hue City, Vietnam, in May 2013. The KES-AMSTA 2013 conference provides an internationally respected forum for scientific research in the technologies and applications of agent and multi-agent systems. In all, 44 papers were selected for oral presentation and publication in this volume. Special attention is paid to the feature topics of intelligent technologies and applications in the area of e-health, social networking, self-organizing systems, economics and trust management. Other topics covered include: agent oriented software engineering; beliefs engineering; desires and intentions representation; agent cooperation, coordination, negotiation, organization and communication; distributed problem-solving; specification of agent communication languages; formalization of ontologies; and conversational agents. The book highlights new trends and challenges in agent and multi-agent research, and will be of interest to the research community working in the fields of artificial intelligence, collective computational intelligence, robotics, dialogue systems and, in particular, agent and multi-agent systems, technologies and applications.

The Impact of Performance Budgeting on Public Spending in Germany's Laender

The Impact of Performance Budgeting on Public Spending in Germany's Laender
Author: Christiane Lorenz
Publisher: Springer Science & Business Media
Total Pages: 152
Release: 2012-02-02
Genre: Business & Economics
ISBN: 3834934836

Derived from the international literature on experiences with performance budgeting five elements which constitute performance budgeting as a comprehensive system can be identified in this book. This new definition is then applied to the German state level in order to investigate whether performance budgeting is effective in Germany, in detail, whether it actually leads to a reduction of public expenditure. With a survey in the state Ministries of Finance and an individually constructed panel dataset, the impact of the German performance budgeting reforms on their major aim, the enhancement of fiscal discipline, is empirically analyzed. The main result is that the potential of expenditure savings is prolonged by the enormous investments in the beginning.

Where the Party Rules

Where the Party Rules
Author: Daniel Koss
Publisher: Cambridge University Press
Total Pages: 410
Release: 2018-04-05
Genre: Political Science
ISBN: 1108359639

In most non-democratic countries, today governing forty-four percent of the world population, the power of the regime rests upon a ruling party. Contrasting with conventional notions that authoritarian regime parties serve to contain elite conflict and manipulate electoral-legislative processes, this book presents the case of China and shows that rank and-file members of the Communist Party allow the state to penetrate local communities. Subnational comparative analysis demonstrates that in 'red areas' with high party saturation, the state is most effectively enforcing policy and collecting taxes. Because party membership patterns are extremely enduring, they must be explained by events prior to the Communist takeover in 1949. Frontlines during the anti-colonial Sino-Japanese War (1937–1945) continue to shape China's political map even today. Newly available evidence from the Great Leap Forward (1958–1961) and the Cultural Revolution (1966–1976) shows how a strong local party basis sustained the regime in times of existential crisis.

The Origin of the Capitalist Firm

The Origin of the Capitalist Firm
Author: Weiying Zhang
Publisher: Springer
Total Pages: 208
Release: 2017-08-13
Genre: Business & Economics
ISBN: 9811002215

The book addresses the entrepreneurial origin of the capitalist firm and its asymmetric contractual relationships between capitalists, workers, managers and entrepreneurs, and explains the origin of the firm by focusing on entrepreneurship. A hidden action model shows how assigning residual claim to entrepreneurs can provide a better overall incentive; a hidden information model demonstrates that capitalists are given priority and have authority to select the management, because capital can signal entrepreneurial ability; and a general equilibrium entrepreneurial model shows that the equilibrium relationships between different members of the firm depend on the joint distribution of ability, wealth and risk attitudes in the population. Overall, the book reveals that the capitalist firm is more efficient, not only because it provides better incentives but also because it ensures that the most entrepreneurial people control the firm.

Collaborative Agents - Research and Development

Collaborative Agents - Research and Development
Author: Christian Guttmann
Publisher: Springer
Total Pages: 195
Release: 2011-07-05
Genre: Computers
ISBN: 364222427X

This book constitutes the thoroughly refereed post-conference proceedings of the first two international workshops on computational models of collaboration in distributed systems: CARE 2009, held as satellite event of the 22nd Australasian Joint Conference on Artificial Intelligence AI09 in Melbourne, Australia, in December 2009 and CARE 2010, held in conjunction with the International Conference on Intelligent Agent Technology (IAT) in Toronto, Canada, in August 2010. The 12 revised full papers presented together with 2 invited lectures were carefully selected from a total of 45 submissions to both events. The workshops' thematic focus is on collaborative and autonomous agents that plan, negotiate, coordinate, and act under conditions of incomplete information, uncertainty, and bounded rationality.

Handbook of Insurance

Handbook of Insurance
Author: Georges Dionne
Publisher: Springer Science & Business Media
Total Pages: 980
Release: 2012-12-06
Genre: Business & Economics
ISBN: 9401006423

In the 1970's, the research agenda in insurance was dominated by optimal insurance coverage, security design, and equilibrium under conditions of imperfect information. The 1980's saw a growth of theoretical developments including non-expected utility, price volatility, retention capacity, the pricing and design of insurance contracts in the presence of multiple risks, and the liability insurance crisis. The empirical study of information problems, financial derivatives, and large losses due to catastrophic events dominated the research agenda in the 1990's. The Handbook of Insurance provides a single reference source on insurance for professors, researchers, graduate students, regulators, consultants, and practitioners, that reviews the research developments in insurance and its related fields that have occurred over the last thirty years. The book starts with the history and foundations of insurance theory and moves on to review asymmetric information, risk management and insurance pricing, and the industrial organization of insurance markets. The book ends with life insurance, pensions, and economic security. Each chapter has been written by a leading authority in insurance, all contributions have been peer reviewed, and each chapter can be read independently of the others.