The international integration of regulated markets poses new challenges for regulatory policy. One question is the implications that the overall international regulatory regime will have for cross-border and/or domestic ...

Reward systems based on balanced scorecards typically connect pay to an index, i.e. a weighted sum of multiple performance measures. However, there is no formal incentive model that actually describe this kind of index ...

We study optimal incentive contracts when commitments are limited, and agents have multiple tasks and career concerns. The agent career concerns are determined by the outside market. We show that the principal might want ...

The extent to which a knowledge-intensive firm should induce cooperation between its employees is analyzed in a model of relational contracting between a firm (principal) and its employees (two agents). The agents can ...

The economics of crime and punishment postulates that higher punishment leads to lower crime levels, or less severe crime. It is how- ever hard to get empirical support for this rather intuitive relationship. This paper ...

Principal-agent models usually invoke the strong assumption that the parties know for sure ex ante whether a variable is verifiable or not. This paper assumes that only the probability of verification is known, and that ...

Hovedspørsmålet i denne rapporten er om regionale helseforetak kan forbedre ressursbruken ved å utnytte informasjon om relative prestasjoner mellom egne helseforetak, dvs. om målestokkonkurranse kan brukes som utgangspunkt ...

Innovasjon er en viktig faktor for bedrifter når det gjelder å skape konkurransefortrinn i bedriftene sine respektive markeder. Det synes derfor interessant å se på hvilke faktorer som kan være medvirkende for en bedrifts ...

Two jurisdictions compete to attract shares of the R&D investment budget of a large multinational enterprise, whose investments potentially confer positive spillovers on national firms. The firm contributes to local welfare ...