Residual claimant — In economics, the residual claimant is the agent who receives the net income (income after deducting all costs).Residual claimancy is generally required in order for there to be Moral Hazard, which is a problem typical of information asymmetry.… … Wikipedia
residual claimant theory — noun : a theory in economics: wages are a residual after the distributive shares of other factors of production are determined … Useful english dictionary
wage and salary — ▪ economics Introduction income derived from human labour. Technically, wages and salaries cover all compensation made to employees for either physical or mental work, but they do not represent the income of the self employed. Labour costs… … Universalium
Homeowners' association — A homeowners association (abbrev. HOA) may be:* A legal entity created by a real estate developer for the purpose of developing, managing and selling a community of homes. It is given the authority to enforce the covenants, conditions, and… … Wikipedia
Homeowner association — Picture of a condo building undergoing periodic maintenance in Japan. For a discussion of nonprofit, voluntary neighborhood advocacy groups, see neighborhood association. A homeowner association is a corporation formed by a real estate developer… … Wikipedia
Neue Institutionenökonomik — von Privatdozent Dr. Dr. Helge Peukert I. Geschichte Die Neue Institutionenökonomik (NIÖ) ist eine seit den 70er Jahren aufstrebende Forschungsrichtung der Volkswirtschaftslehre. Zu ihren Vorläufern gehören Coase, Demsetz, Alchian, Olson,… … Lexikon der Economics
Economic democracy — is a socioeconomic philosophy that suggests a shift in decision making power from a small minority of corporate shareholders to a larger majority of public stakeholders. There is no single definition or approach for economic democracy, but most… … Wikipedia
wage theory — ▪ economics portion of economic theory that attempts to explain the determination of the payment of labour. A brief treatment of wage theory follows. For full treatment, see wage and salary. The subsistence theory of wages,… … Universalium
Walker, Francis A. — ▪ American economist in full Francis Amasa Walker born July 2, 1840, Boston, Massachusetts, U.S. died January 5, 1897, Boston American economist and statistician who broadened and helped modernize the character and scope of economics.… … Universalium
moralisches Wagnis in Teams — 1. Begriff: Betrachtet sei ein Problem der Teamproduktion, bei dem lediglich die Gesamtausbringung eines Teams von mehreren Akteuren von dritter Seite beobachtet wird, nicht jedoch die Ausbringung der einzelnen Teammitglieder. Aus dieser… … Lexikon der Economics