Nobel Contract Theory: Opening Up Of The 'Black Box' Of Market ...
Contract theory starts with the premise that a perfect contract is not feasible. It provides a theory of understanding contract design in a second-best world, where ...
VA investigators looking at claims of secret waitlists in Colorado
The Denver Post
While the Arrow-Dubreau model (named after two men, Kenneth Arrow and Gerard Debreu) can indeed be used to prove the existence of general equilibrium of an economy, it is purely theoretical in nature and is based upon overly unrealistic assumptions.
Explainer: what is contract theory and why it deserved a Nobel Prize
The Conversation AU
Contracts have governed the workings of the economy since ancient times. Contract theory is about ensuring they have the right incentives.
Nobel Economics Prize 2016: World Bank's new chief economist ...
The World Bank's new chief economist is among those tipped to win the Nobel Economics Prize on Monday, as the awards season moves into a second week.