The allocation of risk and the distribution of profits

dc.contributor.advisorSaving, Thomas R.
dc.contributor.committeeMemberAuernheimer, Leonardo
dc.contributor.committeeMemberHwang, Hae Shin
dc.contributor.committeeMemberPeterson, E. Wesley
dc.creatorLocke, Peter Raymond
dc.date.accessioned2020-09-02T21:10:52Z
dc.date.available2020-09-02T21:10:52Z
dc.date.issued1987
dc.descriptionTypescript (photocopy).en
dc.description.abstractThis dissertation is concerned with the efficient allocation of risk bearing, and the corresponding efficient distribution of profits, in economies where individuals are differentiated by their preferences towards risk. In addition to the decision of how much risk to bear each individual is allowed to choose between the occupations of management and labor. Thus the manager, or agent, is endogenized, along with the principal, or worker. In a competitive environment rents accrue to all but the marginal individual, and the marginal individual in the models presented in the dissertation is the individual who is indifferent between the occupations of management and labor.en
dc.format.digitalOriginreformatted digitalen
dc.format.extentvii, 107 leavesen
dc.format.mediumelectronicen
dc.format.mimetypeapplication/pdf
dc.identifier.oclc18942428
dc.identifier.urihttps://hdl.handle.net/1969.1/DISSERTATIONS-754233
dc.language.isoeng
dc.publisher.digitalTexas A&M University. Libraries
dc.rightsThis thesis was part of a retrospective digitization project authorized by the Texas A&M University Libraries. Copyright remains vested with the author(s). It is the user's responsibility to secure permission from the copyright holder(s) for re-use of the work beyond the provision of Fair Use.en
dc.rights.urihttp://rightsstatements.org/vocab/InC/1.0/
dc.subjectMajor economicsen
dc.subject.classification1987 Dissertation L8145
dc.subject.lcshRisken
dc.subject.lcshProfiten
dc.subject.lcshRisk-taking (Psychology)en
dc.subject.lcshEntrepreneurshipen
dc.titleThe allocation of risk and the distribution of profitsen
dc.typeThesisen
dc.type.genredissertationsen
dc.type.materialtexten
thesis.degree.disciplineEconomicsen
thesis.degree.grantorTexas A&M Universityen
thesis.degree.levelDoctorialen
thesis.degree.nameDoctor of Philosophyen
thesis.degree.namePh. D. in Economicsen

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