Agency theory and work incentives
Agency Theory and Work Incentives (by Maurizio Lisciandra) - ABSTRACT: This paper is an extensive review of agency theory applied to labour incentives. It introduces a generalised principal-agent model that goes through a certain degree of critical assessment. The analysis of the optimality within the trade-off of insurance against incentives is enriched by bringing in the contribution of established extensions and new approaches to the agency theory and, to a larger extent, labour incentives. Keywords: Agency Theory, Incentives, Labour Contracts
Volume (Year): 2007/91 (2007)
Issue (Month): 91 ()
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