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Superb Posner – but can we go further?

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  • FREY, BRUNO S.

Abstract

Posner's (2010) analysis offers many exciting insights into the principal-agent problem, particularly with respect to the secret service. I argue that it would be useful to consider a broader model of human behaviour, which includes awards as extrinsic incentives beyond pay, as well as intrinsic motivation. A more comparative stance that goes beyond the United States would be a useful check of how general the results are. Scholars should not forget that while the US is the dominant economy today, there are 195 nations in the world that offer many fascinating institutional variations, which are useful to take into account.

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  • Frey, Bruno S., 2010. "Superb Posner – but can we go further?," Journal of Institutional Economics, Cambridge University Press, vol. 6(1), pages 65-69, March.
    • Handle: RePEc:cup:jinsec:v:6:y:2010:i:01:p:65-69_99
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    Cited by:

    1. Argandoña, Antonio, 2010. "From action theory to the theory of the firm," IESE Research Papers D/855, IESE Business School.

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