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Managerial Incentive Problems: The Role of Multiple Signals

Author

Listed:
  • Michiko Ogaku

    (Faculty of Engineering, Information and Systems, University of Tsukuba)

Abstract

Career concerns can mitigate moral hazard problems, but these diminish as the agent's retirement age approaches. Addressing this problem, this note draws attention to the role of the interaction between contractible and non-contractible signals.

Suggested Citation

  • Michiko Ogaku, 2015. "Managerial Incentive Problems: The Role of Multiple Signals," Economics Bulletin, AccessEcon, vol. 35(1), pages 106-111.
    • Handle: RePEc:ebl:ecbull:eb-14-00965
    as

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    References listed on IDEAS

    as
    1. Gibbons, Robert & Murphy, Kevin J, 1992. "Optimal Incentive Contracts in the Presence of Career Concerns: Theory and Evidence," Journal of Political Economy, University of Chicago Press, vol. 100(3), pages 468-505, June.
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    More about this item

    Keywords

    Career concerns; Moral hazard; Non-contractible signals; Contractible signals;
    All these keywords.

    JEL classification:

    • D8 - Microeconomics - - Information, Knowledge, and Uncertainty

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