By Murray Pura

ISBN-10: 0736952861

ISBN-13: 9780736952866

Retail ePub

For enthusiasts of the highly well known Downton Abbey sequence, comes this both captivating tale of the Danforth kinfolk of Ashton Park.

Among the fairway hills and bushes of Lancashire, just a couple of miles from the ocean, lies the attractive and historic property of Ashton Park.

The 12 months is 1916. the 1st global battle has engulfed Europe and Sir William's and woman Elizabeth's 3 sons are all in uniform—and their 4 daughters are all in favour of numerous objectives of the guts and soul.

As the top of a robust Church of britain relations for generations, Sir William insists the Danforth property carry morning devotions that come with either kin and employees. even though, he's additionally an MP and away at Westminster in London every time Parliament is sitting. in the course of his lengthy absences, girl Elizabeth discreetly spends time within the corporation of the top prepare dinner of the manor, Mrs. Longstaff, who's her ally and confidante. This friendship comprises visits to a small Baptist church in Liverpool...

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Extra info for Ashton Park (The Danforths of Lancashire, Book 1)

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In der Literatur wird dieses Problem dadurch gelöst, daß anstelle der Maximierungsfunktion die Maximierungsbedingung (First-Order-Condition) des Agenten in die Lagrange-Gleichung des Franchise-Gebers eingesetzt wird (vgl. Kannann 1992). Zu Möglichkeiten und Grenzen des "First-Order-Approach" vgl. Rogerson (1985). 3Ü{m Fall des risikoneutralen Prinzipals und des risikoaversen Agenten wäre es optimal, daß der Prinzipal den Agenten versichert, d. h. eine feste Entlohnung zahlt. Dann jedoch würde der Agent nur einen minimalen Einsatz bringen, da jede Erhöhung seiner Anstrengung zu einer Reduktion seines Nutzens führen würde.

Die einzige Möglichkeit der Beobachtung liegt in der Bewertung des Umsatzerlöses des Agenten. Der Franchise-Geber wird einen gewinnmaximierenden Vertrag entwerfen, der dem Franchise-Nehmer Anreize bietet, sich den Umweltgegebenheiten entsprechend optimal zugunsten der Interessen des Prinzipals einzusetzen. Dabei berechnet sich der Nutzen des Agenten aus seinem zu erwartenden Einkommen abzüglich des Nutzenentgangs durch "Arbeitsleid" (Disutility of Effort). Ein rationaler Franchise-Nehmer wird den Vertrag nur dann akzeptieren, wenn der erwartete Nutzen größer oder zumindest gleich seinem Reservationsnutzen sein wird.

Einrichtungen) anzueignen. 4s Dnes' Studien und Befragungen deuteten jedoch darauf hin, daß eine FranchiseBeziehung weitaus mehr Elemente enthält, die auf den symbiotischen Charakter der Franchise hinwiesen als auf potentielle Sanktionierungsmechanismen (vgl. DantJSchuI1991). Mietkontrollen und spezifische Investitionen der Franchise-Nehmer seien aus Sicht der Franchise-Geber erforderlich, weil hohe Kosten für die Suche und Etablierung von neuen Stützpunkten entstünden und Fluktuationskosten vermieden werden müßten.

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Ashton Park (The Danforths of Lancashire, Book 1) by Murray Pura


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