JER, 第 10 卷Hanyang Economic Research Institute in collaboration with Hanyang University College of Business and Economics, 2005 |
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第 1 到 3 筆結果,共 25 筆
第 112 頁
... Effort 3.1 Payoff functions We will now consider a model of production uncertainty with en- dogenous and unobservable effort to analyse the welfare effects of for- mal lending . Let us assume that the distribution function of q is not ...
... Effort 3.1 Payoff functions We will now consider a model of production uncertainty with en- dogenous and unobservable effort to analyse the welfare effects of for- mal lending . Let us assume that the distribution function of q is not ...
第 113 頁
... effort . The expected output is given by h ( e ; ) / 2 . Since effort causes disutility to the entrepreneur , therefore c ( e ; ) has to be deducted from expected output from the project along with expected loan repayment to arrive at ...
... effort . The expected output is given by h ( e ; ) / 2 . Since effort causes disutility to the entrepreneur , therefore c ( e ; ) has to be deducted from expected output from the project along with expected loan repayment to arrive at ...
第 118 頁
... effort by the entrepreneur , compared to the IL ( who is low cost ) . Proof : From lemmas 1 and 3 we have that the equilibrium effort - interest rate vectors occur at the point of tangency of the lender's iso- profit contours with the ...
... effort by the entrepreneur , compared to the IL ( who is low cost ) . Proof : From lemmas 1 and 3 we have that the equilibrium effort - interest rate vectors occur at the point of tangency of the lender's iso- profit contours with the ...
內容
Namwon Hyung | 49 |
Changyong Rhee Optimal Travel Path | 129 |
Bent E Sorensen Nobuhiro Mori Takao Iida Makoto Okamura On | 175 |
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