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Copyright © 2017 This document defines constructor functions, operators, and functions on the datatypes defined in [XML Schema Part 2: Datatypes Second Edition] and the datatypes defined in [XQuery and XPath Data Model (XDM) 3.1].
It also defines functions and operators on nodes and node sequences as defined in the [XQuery and XPath Data Model (XDM) 3.1].
Nach einer Gesamtstrecke von 26 km endet die A921 an einem Kreisverkehr an der A92 (Dunfermline–Stonehaven).
Bob Lenox (born in Brooklyn; died 2010) was a jazz and blues musician from America who lived his last years in Europe, ultimately settling in France.
Because it is impossible for a contract to specify every eventuality, this branch of the theory spells out optimal allocations of control rights: which party to the contract should be entitled to make decisions in which circumstances? The Prize amount: 8 million Swedish krona, to be shared equally between the Laureates.
Society's many contractual relationships include those between shareholders and top executive management, an insurance company and car owners, or a public authority and its suppliers.
In the late 1970s, Bengt Holmström demonstrated how a stated precisely how this contract should link the agent's pay to performance-relevant information.
Using the basic principal-agent model, he showed how the optimal contract carefully weighs risks against incentives.
In later work, Holmström generalised these results to more realistic settings, namely: when employees are not only rewarded with pay, but also with potential promotion; when agents expend effort on many tasks, while principals observe only some dimensions of performance; and when individual members of a team can free-ride on the efforts of others.
In the mid-1980s, Oliver Hart made fundamental contributions to a new branch of contract theory that deals with the important case of . Samuelson Professor of Economics, and Professor of Economics and Management at Massachusetts Institute of Technology, Cambridge, MA, USA.