Commitment Contracts and Team Incentives
نویسندگان
چکیده
منابع مشابه
Contracts, Fairness, and Incentives
We show experimentally that fairness concerns may have a decisive impact on both the actual and the optimal choice of contracts in a moral hazard context. Explicit incentive contracts that are optimal according to self-interest theory become inferior when some agents value fairness. Conversely, implicit bonus contracts that are doomed to fail among purely selfish actors provide powerful incenti...
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ژورنال
عنوان ژورنال: American Journal of Preventive Medicine
سال: 2013
ISSN: 0749-3797
DOI: 10.1016/j.amepre.2013.06.020