Residual claimant

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. This is specifically the case for the Principal-agent problem. [Bowles, Samuel (2004) Microeconomics: Behavior, Institutions and Evolution, Russell Sage Foundation, New York] [Samuel Bowles and Herbert Gintis, Mutual Monitoring in Teams: The Effects of Residual Claimancy and Reciprocity, Article specifically attempts to understand residual claimancy and its effects on cooperation.]


Wikimedia Foundation. 2010.

Look at other dictionaries:

  • residual claimant —   Locuzione di origine anglosassone che indica il rischio di un azionista. Specificatamente, l azionista sopporta il rischio dell investimento e trattiene per se quello che rimane dopo aver soddisfatto gli altri portatori di interessi, ed in… …   Glossario di economia e finanza

  • 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