When we read “The Courtship of Miles Standish” in grade school, I had not yet studied economics, so I didn’t understand the theory underlying John Alden’s quandary or that Priscilla Mullins’ famous ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Timothy Li is a consultant, accountant, and ...

In this paper, we study the principal-agent problem. It is well known that in continuous-time, it is possible to prove the existence of an equilibrium (u*, S*) in a considerably general setting, and ...

This is a preview. Log in through your library . Abstract This paper suggests that a principal-agent perspective may be one of several useful ways of analyzing the family. The principal-agent ...