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The 'Ratchet Principle' and Performance Incentives

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Author Info
M. Weitzman

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Paper provided by Massachusetts Institute of Technology (MIT), Department of Economics in its series Working papers with number 239.

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Date of creation: May 1979
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Handle: RePEc:mit:worpap:239

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  1. Paul L Joskow, 2005. "Incentive Regulation In Theory And Practice - Electricity Distribution And Transmission Networks," Working Papers 0514, Massachusetts Institute of Technology, Center for Energy and Environmental Policy Research. [Downloadable!]
    Other versions:
  2. Craig Brett & John A. Weymark, 2005. "Optimal Nonlinear Taxation of Income and Savings in a Two Class Economy," Working Papers 0525, Department of Economics, Vanderbilt University. [Downloadable!]
  3. Olivier Cadot & Bernard Sinclair-Desgagné, 1995. "Innovation Under the Threat of Stricter Environmental Standards," CIRANO Working Papers 95s-11, CIRANO. [Downloadable!]
  4. Janos Kornai & Eric Maskin & Gerard Roland, 2002. "Understanding the Soft Budget Constraint," Economics Working Papers 0019, Institute for Advanced Study, School of Social Science. [Downloadable!]
    Other versions:
  5. Sun, Ching-jen, 2007. "Dynamic Price Discrimination and Quality Provision Based on Purchase History," MPRA Paper 9855, University Library of Munich, Germany, revised Aug 2008. [Downloadable!]
  6. Hyumg Bae, 1993. "The Ratchet Effect And Uninducibility Under Ex Ante Symmetric Information," International Economic Journal, Korean International Economic Association, vol. 7(2), pages 51-59, June. [Downloadable!] (restricted)
  7. Rowena Jacobs & Diane Dawson, 2003. "Hospital efficiency targets," Health Economics, John Wiley & Sons, Ltd., vol. 12(8), pages 669-684. [Downloadable!]
  8. Scott Gehlbach, 2003. "Taxability and Government Support of Business Activity: Testing Theories of Social-Contract Failure," Working Papers w0028, Center for Economic and Financial Research (CEFIR). [Downloadable!]
  9. Edward P. Lazear, 1986. "Incentive Contracts," NBER Working Papers 1917, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  10. Alessandro Rossi, 2001. "The Effective Design of Managerial Incentive Systems: Combining Theoretical Principlesand Practical Trade-offs," ROCK Working Papers 015, Department of Computer and Management Sciences, University of Trento, Italy, revised 12 Jun 2008. [Downloadable!]
    Other versions:
  11. Bengt Holmstrom, 1979. "Design of Incentive Schemes and the New Soviet Incentive Model," Discussion Papers 456, Northwestern University, Center for Mathematical Studies in Economics and Management Science. [Downloadable!]
  12. Hehui Jin & Yingyi Qian & Barry Weingast, 1999. "Regional Decentralization and Fiscal Incentives: Federalism, Chinese Style," Working Papers 99013, Stanford University, Department of Economics. [Downloadable!]
  13. Winnie Yip & Karen Eggleston, 2001. "Provider payment reform in China: the case of hospital reimbursement in Hainan province," Health Economics, John Wiley & Sons, Ltd., vol. 10(4), pages 325-339. [Downloadable!]
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