Formulating Principal-Agent Service Contracts for a Revenue Generating Unit (SpringerBriefs in Operations Management)

by Moshe Dror (Contributor), Moshe Dror (Contributor), Shuo Zeng (Author)

• New

  Paperback
  2015

  $54.73

  For a risk neutral principal, the authors identify the conditions under which a principal contracts with a risk-neutral, risk-averse, or risk-seeking agent and derive the principal's optimal offer together with the agent's optimal service capacity response.