 |
 |
|
DataSys 2023 Congress
June 26, 2023 to June 30, 2023 - Nice, Saint-Laurent-du-Var, France
- AICT 2023, The Nineteenth Advanced International Conference on Telecommunications
- ICIW 2023, The Eighteenth International Conference on Internet and Web Applications and Services
- ICIMP 2023, The Eighteenth International Conference on Internet Monitoring and Protection
- SMART 2023, The Twelfth International Conference on Smart Cities, Systems, Devices and Technologies
- IMMM 2023, The Thirteenth International Conference on Advances in Information Mining and Management
- INFOCOMP 2023, The Thirteenth International Conference on Advanced Communications and Computation
- MOBILITY 2023, The Thirteenth International Conference on Mobile Services, Resources, and Users
- SPWID 2023, The Ninth International Conference on Smart Portable, Wearable, Implantable and Disability-oriented Devices and Systems
- ACCSE 2023, The Eighth International Conference on Advances in Computation, Communications and Services
ComputationWorld 2023 Congress
June 26, 2023 to June 30, 2023 - Nice, Saint-Laurent-du-Var, France
- SERVICE COMPUTATION 2023, The Fifteenth International Conference on Advanced Service Computing
- CLOUD COMPUTING 2023, The Fourteenth International Conference on Cloud Computing, GRIDs, and Virtualization
- FUTURE COMPUTING 2023, The Fifteenth International Conference on Future Computational Technologies and Applications
- COGNITIVE 2023, The Fifteenth International Conference on Advanced Cognitive Technologies and Applications
- ADAPTIVE 2023, The Fifteenth International Conference on Adaptive and Self-Adaptive Systems and Applications
- CONTENT 2023, The Fifteenth International Conference on Creative Content Technologies
- PATTERNS 2023, The Fifteenth International Conference on Pervasive Patterns and Applications
- COMPUTATION TOOLS 2023, The Fourteenth International Conference on Computational Logics, Algebras, Programming, Tools, and Benchmarking
- BUSTECH 2023, The Thirteenth International Conference on Business Intelligence and Technology
NetWare 2023 Congress
September 25, 2023 to September 29, 2023 - Porto, Portugal
- SENSORCOMM 2023, The Seventeenth International Conference on Sensor Technologies and Applications
- SENSORDEVICES 2023, The Fourteenth International Conference on Sensor Device Technologies and Applications
- SECURWARE 2023, The Seventeenth International Conference on Emerging Security Information, Systems and Technologies
- AFIN 2023, The Fifteenth International Conference on Advances in Future Internet
- CENICS 2023, The Sixteenth International Conference on Advances in Circuits, Electronics and Micro-electronics
- ICQNM 2023, The Seventeenth International Conference on Quantum, Nano/Bio, and Micro Technologies
- FASSI 2023, The Ninth International Conference on Fundamentals and Advances in Software Systems Integration
- GREEN 2023, The Eighth International Conference on Green Communications, Computing and Technologies
NexTech 2023 Congress
September 25, 2023 to September 29, 2023 - Porto, Portugal
- UBICOMM 2023, The Seventeenth International Conference on Mobile Ubiquitous Computing, Systems, Services and Technologies
- ADVCOMP 2023, The Seventeenth International Conference on Advanced Engineering Computing and Applications in Sciences
- SEMAPRO 2023, The Seventeenth International Conference on Advances in Semantic Processing
- AMBIENT 2023, The Thirteenth International Conference on Ambient Computing, Applications, Services and Technologies
- EMERGING 2023, The Fifteenth International Conference on Emerging Networks and Systems Intelligence
- DATA ANALYTICS 2023, The Twelfth International Conference on Data Analytics
- GLOBAL HEALTH 2023, The Twelfth International Conference on Global Health Challenges
- CYBER 2023, The Eighth International Conference on Cyber-Technologies and Cyber-Systems
TrendNews 2023 Congress
September 25, 2023 to September 29, 2023 - Porto, Portugal
- CORETA 2023, Advances on Core Technologies and Applications
- DIGITAL 2023, Advances on Societal Digital Transformation
SocSys 2023 Congress
November 13, 2023 to November 17, 2023 - Valencia, Spain
SoftNet 2023 Congress
November 13, 2023 to November 17, 2023 - Valencia, Spain
- ICSEA 2023, The Eighteenth International Conference on Software Engineering Advances
- ICSNC 2023, The Eighteenth International Conference on Systems and Networks Communications
- CENTRIC 2023, The Sixteenth International Conference on Advances in Human-oriented and Personalized Mechanisms, Technologies, and Services
- VALID 2023, The Fifteenth International Conference on Advances in System Testing and Validation Lifecycle
- SIMUL 2023, The Fifteenth International Conference on Advances in System Simulation
- SOTICS 2023, The Thirteenth International Conference on Social Media Technologies, Communication, and Informatics
- INNOV 2023, The Twelfth International Conference on Communications, Computation, Networks and Technologies
- HEALTHINFO 2023, The Eighth International Conference on Informatics and Assistive Technologies for Health-Care, Medical Support and Wellbeing
IARIA Congress 2023, The 2023 IARIA Annual Congress on Frontiers in Science, Technology, Services, and Applications
November 13, 2023 to November 17, 2023 - Valencia, Spain
|
|
|
|
|
|
ThinkMind // SIMUL 2020, The Twelfth International Conference on Advances in System Simulation // View article simul_2020_2_10_58007
An Agent-Based Model of Delegation Relationships With Hidden-Action On the Effects of Heterogeneous Memory on Performance
 Authors:
Patrick Reinwald
Stephan Leitner
Friederike Wall Keywords: Agent-based modeling and simulation; Management control system; Information asymmetry; Complexity economics; Agentization. Abstract:
We introduce an agent-based model of delegation relationships between a principal and an agent, which is based on the standard-hidden action model introduced by Holmström and, by doing so, provide a model which can be used to further explore theoretical topics in managerial economics, such as the efficiency of incentive mechanisms. We employ the concept of agentization, i.e., we systematically transform the standard hidden-action model into an agent-based model. Our modeling approach allows for a relaxation of some of the rather "heroic" assumptions included in the standard hidden-action model, whereby we particularly focus on assumptions related to the (i) availability of information about the environment and the (ii) principal's and agent's cognitive capabilities (with a particular focus on their learning capabilities and their memory). Our analysis focuses on how close and how fast the incentive scheme, which endogenously emerges from the agent-based model, converges to the solution proposed by the standard hidden-action model. Also, we investigate whether a stable solution can emerge from the agent-based model variant. The results show that in stable environments the emergent result can nearly reach the solution proposed by the standard hidden-action model. Surprisingly, the results indicate that turbulence in the environment leads to stability in earlier time periods. Pages: 37 to 41 Copyright: Copyright (c) IARIA, 2020 Publication date: October 18, 2020 Published in: conference ISSN: 2308-4537 ISBN: 978-1-61208-831-0 Location: Porto, Portugal Dates: from October 18, 2020 to October 22, 2020
|
|
SERVICES  CONTACT
2010 - 2022 © ThinkMind. All rights reserved.
Read Terms of Service and Privacy Policy. |
|
|
|
