Discretion and Incentives in Organizations
We analyze the link between workers' discretion and incentives in an organisation that lasts for several periods. In a long-lasting affiliation, it is possible for the principal to learn and update her beliefs about essential characteristics associated with either the job or the agent. This learning possibility has an important effect on the link between workers' discretion and incentives. Copyright 2000 by University of Chicago Press.
References listed on IDEAS
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"Performance Comparisons and Dynamic Incentives,"
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