haku: @author Mookherjee, D. / yhteensä: 13
viite: 10 / 13
| Tekijä: | Meyer, M. A. Mookherjee, D. |
| Otsikko: | Incentives, compensation, and social welfare. |
| Lehti: | Review of Economic Studies
1987 : APR, VOL. 54:178, p. 209-226 |
| Asiasana: | COMPENSATION PAY SOCIAL WELFARE |
| Kieli: | eng |
| Tiivistelmä: | Alternative wage structures under conditions of moral hazard are analyzed from a social welfare standpoint. It is argued that ex post equity judgements in an uncertainty context should incorporate a preference for "positive correlation" of utilities of different individuals. In the design of compensation schemes,this may give rise to a conflict between ex post equity objectives and the need to provide effort incentives: relative performance clauses in compensation schemes that are undesirable from an ex post equity standpoint. |
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