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Design of incentive schemes and the new Soviet Incentive model

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  • Holmstrom, Bengt

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  • Holmstrom, Bengt, 1982. "Design of incentive schemes and the new Soviet Incentive model," European Economic Review, Elsevier, vol. 17(2), pages 127-148.
  • Handle: RePEc:eee:eecrev:v:17:y:1982:i:2:p:127-148
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    1. Martin L. Weitzman, 1974. "Prices vs. Quantities," Review of Economic Studies, Oxford University Press, vol. 41(4), pages 477-491.
    2. Roger B. Myerson, 1978. "Optimal Auction Design," Discussion Papers 362, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
    3. Martin L. Weitzman, 1980. "The "Ratchet Principle" and Performance Incentives," Bell Journal of Economics, The RAND Corporation, vol. 11(1), pages 302-308, Spring.
    4. Bengt Holmstrom, 1980. "On The Theory of Delegation," Discussion Papers 438, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
    5. Bonin, John P, 1976. "On the Design of Managerial Incentive Structures in a Decentralized Planning Environment," American Economic Review, American Economic Association, vol. 66(4), pages 682-687, September.
    6. HOLMSTROM, Bengt, 1979. "Moral hazard and observability," LIDAM Reprints CORE 379, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    7. Myerson, Roger B, 1979. "Incentive Compatibility and the Bargaining Problem," Econometrica, Econometric Society, vol. 47(1), pages 61-73, January.
    8. Weiss, Laurence, 1976. "The Desirability of Cheating Incentives and Randomness in the Optimal Income Tax," Journal of Political Economy, University of Chicago Press, vol. 84(6), pages 1343-1352, December.
    9. Martin L. Weitzman, 1976. "The New Soviet Incentive Model," Bell Journal of Economics, The RAND Corporation, vol. 7(1), pages 251-257, Spring.
    10. J. A. Mirrlees, 1971. "An Exploration in the Theory of Optimum Income Taxation," Review of Economic Studies, Oxford University Press, vol. 38(2), pages 175-208.
    11. Fan, Liang-Shing, 1975. "On the Reward System," American Economic Review, American Economic Association, vol. 65(1), pages 226-229, March.
    12. Bengt Holmstrom, 1979. "Moral Hazard and Observability," Bell Journal of Economics, The RAND Corporation, vol. 10(1), pages 74-91, Spring.
    13. Kydland, Finn E & Prescott, Edward C, 1977. "Rules Rather Than Discretion: The Inconsistency of Optimal Plans," Journal of Political Economy, University of Chicago Press, vol. 85(3), pages 473-491, June.
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    Cited by:

    1. Ekaterina Zhuravskaya & Sergei Guriev & Andrei Markevich, 2022. "New Russian Economic History," PSE-Ecole d'économie de Paris (Postprint) hal-03874282, HAL.
    2. Ottorino Chillemi & Benedetto Gui & Lorenzo Rocco, 2017. "Community repeated interaction and strategic delegation," International Journal of Game Theory, Springer;Game Theory Society, vol. 46(3), pages 737-760, August.
    3. Benard, Jean, 1987. "Socialist incentive schemes and price planning," CEPREMAP Working Papers (Couverture Orange) 8735, CEPREMAP.
    4. Sammy Zahran & Samuel Brody & Wesley Highfield & Arnold Vedlitz, 2010. "Non-linear incentives, plan design, and flood mitigation: the case of the Federal Emergency Management Agency's community rating system," Journal of Environmental Planning and Management, Taylor & Francis Journals, vol. 53(2), pages 219-239.
    5. Zou, L., 1991. "The target-incentive system vs. the price-incentive system under adverse selection and the ratchet effect," Other publications TiSEM fd7efcb1-2cf3-42e0-b6a4-f, Tilburg University, School of Economics and Management.
    6. Dirk Yandell, 1988. "Audit Information and Incentives for Efficiency," The American Economist, Sage Publications, vol. 32(1), pages 49-58, March.
    7. Riis, Christian, 2008. "Efficient Contests," MPRA Paper 10906, University Library of Munich, Germany.
    8. Benford, Frank A., 1998. "On the Dynamics of the Regulation of Pollution: Incentive Compatible Regulation of a Persistent Pollutant," Journal of Environmental Economics and Management, Elsevier, vol. 36(1), pages 1-25, July.
    9. Bengt Holmstrom, 1980. "On The Theory of Delegation," Discussion Papers 438, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
    10. Ottorino Chillemi & Benedetto Gui & Lorenzo Rocco, 2013. "The value of information disclosure under local learning. The case of fixed types," "Marco Fanno" Working Papers 0161, Dipartimento di Scienze Economiche "Marco Fanno".
    11. Kevin Koh & Li Li & Xuejiao Liu & Chunfei Wang, 2023. "The Effect of Audit Partner Diversity on Audit Quality: Evidence from China," Abacus, Accounting Foundation, University of Sydney, vol. 59(1), pages 340-380, March.
    12. Joaquim Vergés, 2010. "Incentive schemes for executive officers when forecasts matter," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 31(5), pages 339-352.

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