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Marginal productivity reward : a new justification

Cappelen, Alexander W.; Tungodden, Bertil
Working paper
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URI
http://hdl.handle.net/11250/162810
Date
2004-12
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  • Discussion papers (SAM) [640]
Abstract
Marginal productivity reward has been justified either as a way of

ensuring efficiency or of respecting people’s self-ownership. Both these

arguments have their limitations. In this paper we present a new and

more general justification of marginal productivity reward that avoids the limitations of the traditional arguments.
Publisher
Norwegian School of Economics and Business Administration. Department of Economics
Series
Discussion paper
2004:33

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