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Author: | Maskin, E. Qian, Y. Xu, C. |
Title: | Incentives, information, and organizational form |
Journal: | Review of Economic Studies
2000 : APR, VOL. 67:2(231), p. 359-378 |
Index terms: | Incentives Economic performance High technology Econometric models Organizational performance China |
Language: | eng |
Abstract: | The authors model an organization as a hierarchy of managers erected on top of a technology (here consisting of a collection of plants). In their framework, the role of a manager is to take steps to reduce the adverse consequences of shocks that affect the plants beneath him. The authors argue that different organizational forms give rise to different information about managers' performance and therefore differ according to how effective incentives can be in encouraging a good performance.The paper concludes by presenting evidence that the assumptions on which this comparison rests are satisfied for Chinese data. |
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