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Self-Interest, Incentives and the Decision-Making

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Author Info
Steinbacher, Matjaz

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Abstract

Paper analyzes the impact of incentives and disincentives on the decision-making of individuals. Their role in the decision-making processes is huge, as they affect the cost-benefit analysis of investment projects of scarce resources. They both are subject of huge negative effects. A hidden trap of providing incentives is represented by costs any such activity involves, with coercive subsidies having socialized costs for the benefits of individuals. This makes them very dangerous and controversial.

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File URL: http://mpra.ub.uni-muenchen.de/15041/
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Publisher Info
Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 15041.

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Date of creation: 2009
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Handle: RePEc:pra:mprapa:15041

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Related research
Keywords: Evolutionary games; incentives and disincentives; investment decisions; Roy model;

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Find related papers by JEL classification:
D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
Z13 - Other Special Topics - - Cultural Economics - - - Social Norms and Social Capital; Social Networks Economic Anthropology
M52 - Business Administration and Business Economics; Marketing; Accounting - - Personnel Economics - - - Compensation and Compensation Methods and Their Effects
C73 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Stochastic and Dynamic Games; Evolutionary Games

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  13. Judd, Kenneth L., 1985. "Redistributive taxation in a simple perfect foresight model," Journal of Public Economics, Elsevier, vol. 28(1), pages 59-83, October. [Downloadable!] (restricted)
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