IDEAS home Printed from https://ideas.repec.org/a/spr/infosf/v17y2015i4d10.1007_s10796-014-9523-4.html
   My bibliography  Save this article

From roles to standards: a dynamic maintenance approach using incentives

Author

Listed:
  • Ramón Hermoso

    (University of Essex)

  • Henrique Lopes Cardoso

    (Universidade do Porto)

  • Maria Fasli

    (University of Essex)

Abstract

Social coordination has been addressed in multi-agent systems, making use of concepts such as institutions, norms, commitments, conventions, roles, or trust. In this paper, we argue the need to tackle open and dynamic environments with yet another concept: the notion of a standard, seen as a measurable and non-committing expectation. Not much work has been done in the field of multi-agent systems addressing the evolving nature of roles, especially in open systems, in which changes in the population bring about changes in the expectations generated from roles. Using standards measured from roles as the focus of attention, we propose an incentive-based mechanism to maintain roles over time. This approach is put in contrast with reorganization, which is needed when incentives are not cost-effective. Different search algorithms are proposed to illustrate incentive-based maintenance. Some empirical results are shown based on the principal-agent model from economics.

Suggested Citation

  • Ramón Hermoso & Henrique Lopes Cardoso & Maria Fasli, 2015. "From roles to standards: a dynamic maintenance approach using incentives," Information Systems Frontiers, Springer, vol. 17(4), pages 763-778, August.
    • Handle: RePEc:spr:infosf:v:17:y:2015:i:4:d:10.1007_s10796-014-9523-4
    DOI: 10.1007/s10796-014-9523-4
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1007/s10796-014-9523-4
    File Function: Abstract
    Download Restriction: Access to the full text of the articles in this series is restricted.
    File URL: https://libkey.io/10.1007/s10796-014-9523-4?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Sherstyuk, Katerina, 2000. " Performance Standards and Incentive Pay in Agency Contracts," Scandinavian Journal of Economics, Wiley Blackwell, vol. 102(4), pages 725-736, December.
    2. Katerina Sherstyuk, 2000. "Performance Standards and Incentive Pay in Agency Contracts," Scandinavian Journal of Economics, Wiley Blackwell, vol. 102(4), pages 725-736, December.
    3. Murphy, Kevin J., 2000. "Performance standards in incentive contracts," Journal of Accounting and Economics, Elsevier, vol. 30(3), pages 245-278, December.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Carlos Iván Chesñevar & Eva Onaindia & Sascha Ossowski & George Vouros, 2015. "Special issue on agreement technologies," Information Systems Frontiers, Springer, vol. 17(4), pages 707-711, August.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Helmut Bester & Johannes Münster, 2016. "Subjective evaluation versus public information," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 61(4), pages 723-753, April.
    2. Dela Cruz, Alma M., 2007. "Contractual Arrangements in Agriculture (Northern and Central Luzon Component)," Discussion Papers DP 2007-21, Philippine Institute for Development Studies.
    3. Wolitzky Alexander, 2012. "Career Concerns and Performance Reporting in Optimal Incentive Contracts," The B.E. Journal of Theoretical Economics, De Gruyter, vol. 12(1), pages 1-32, February.
    4. Eric S. Chou & Chien-Lung Chen, 2015. "Can Agents Be Better Off with Pay Caps?," Scandinavian Journal of Economics, Wiley Blackwell, vol. 117(4), pages 1069-1090, October.
    5. Goldsmith, Peter D. & Turan, Nesve A. & Gow, Hamish R., 2004. "Firms, Incentives, And The Supply Of Food Safety: A Formal Model Of Government Enforcement," 2004 Annual meeting, August 1-4, Denver, CO 20343, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    6. Alma M. dela Cruz, 2007. "Contractual Arrangements in Agriculture (Northern and Central Luzon Component)," Development Economics Working Papers 22626, East Asian Bureau of Economic Research.
    7. Engel, Ellen & Hayes, Rachel M. & Wang, Xue, 2003. "CEO turnover and properties of accounting information," Journal of Accounting and Economics, Elsevier, vol. 36(1-3), pages 197-226, December.
    8. Edward P. Lazear, 1995. "Personnel Economics," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262121883, December.
    9. Claudia Rei, 2013. "Incentives in merchant empires: Portuguese and Dutch compensation schemes," Cliometrica, Journal of Historical Economics and Econometric History, Association Française de Cliométrie (AFC), vol. 7(1), pages 1-13, January.
    10. Singer, Marcos & Donoso, Patricio & Rodríguez-Sickert, Carlos, 2008. "A static model of cooperation for group-based incentive plans," International Journal of Production Economics, Elsevier, vol. 115(2), pages 492-501, October.
    11. Acrey, James Cash & McCumber, William R. & Nguyen, Thu Hien T., 2011. "CEO incentives and bank risk," Journal of Economics and Business, Elsevier, vol. 63(5), pages 456-471, September.
    12. Preeti Choudhary & Shivaram Rajgopal & Mohan Venkatachalam, 2009. "Accelerated Vesting of Employee Stock Options in Anticipation of FAS 123‐R," Journal of Accounting Research, Wiley Blackwell, vol. 47(1), pages 105-146, March.
    13. Arnold, Markus C. & Gillenkirch, Robert M., 2015. "Using negotiated budgets for planning and performance evaluation: An experimental study," Accounting, Organizations and Society, Elsevier, vol. 43(C), pages 1-16.
    14. John G. Sessions & John D. Skåtun, 2022. "Luck in a Flat Hierarchy: Wages, Bonuses and Noise," The Economic Record, The Economic Society of Australia, vol. 98(323), pages 373-391, December.
    15. Park, Sohee, 2023. "Customer prospects and pay-performance sensitivity: Evidence from Korea," Research in International Business and Finance, Elsevier, vol. 64(C).
    16. Wakara Ibrahimu Nyabakora, 2023. "Earnings management in public companies: a bibliometric review," SN Business & Economics, Springer, vol. 3(9), pages 1-23, September.
    17. Robert Dur & Ola Kvaløy & Anja Schöttner, 2022. "Leadership Styles and Labor Market Conditions," Management Science, INFORMS, vol. 68(4), pages 3150-3168, April.
    18. Sebastian Goebel & Barbara Weißenberger, 2016. "The Dark Side of Tight Financial Control: Causes and Remedies of Dysfunctional Employee Behaviors," Schmalenbach Business Review, Springer;Schmalenbach-Gesellschaft, vol. 17(1), pages 69-101, April.
    19. Yu Flora Kuang, 2008. "Performance‐vested Stock Options and Earnings Management," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 35(9‐10), pages 1049-1078, November.
    20. Xiaotao (Kelvin) Liu & Yue (May) Zhang, 2015. "Effects of Target Timing and Contract Frame on Individual Performance," European Accounting Review, Taylor & Francis Journals, vol. 24(2), pages 329-345, June.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:infosf:v:17:y:2015:i:4:d:10.1007_s10796-014-9523-4. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.