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This article sheds light on a surprisingly persistent gap in economic theory: Economists have extensively studied agency relationships between principals and agents, but economic analysis has traditionally been preoccupied with problems created by agents rather than principals. Principal‐agent theory traditionally neglects opportunism on part of the principals. As a result, economic theory fails to...
The age of cloud computing has introduced all the mechanisms needed to elastically scale distributed, cloud-enabled applications. At roughly the same time, NoSQL databases have been proclaimed as the scalable alternative to relational databases. Since then, NoSQL databases are a core component of many large-scale distributed applications. This paper evaluates the scalability and elasticity features...
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