• norsk
    • English
  • norsk 
    • norsk
    • English
  • Logg inn
Vis innførsel 
  •   Hjem
  • Norges Handelshøyskole
  • Department of Business and Management Science
  • Discussion papers (FOR)
  • Vis innførsel
  •   Hjem
  • Norges Handelshøyskole
  • Department of Business and Management Science
  • Discussion papers (FOR)
  • Vis innførsel
JavaScript is disabled for your browser. Some features of this site may not work without it.

Distorted performance measures and dynamic incentives

Kaarbøe, Oddvar M.; Olsen, Trond E.
Working paper
Thumbnail
Åpne
kaarboe oddvar m 2104.pdf (177.6Kb)
Permanent lenke
http://hdl.handle.net/11250/163733
Utgivelsesdato
2004-12
Metadata
Vis full innførsel
Samlinger
  • Discussion papers (FOR) [531]
Sammendrag
Incentive contracts must typically be based on performance measures that do not exactly match agents' true contribution to principals' objectives. Such misalignment may impose difficulties for effective incentive design. We analyze to what extent implicit dynamic incentives such as career concerns and ratchet effects alleviate or aggravate these problems. Our analysis demonstrates that the interplay between distorted performance measures and implicit incentives implies that career and ratchet effects have real effects, that career and monetary incentives may be complements, and that stronger ratchet effects or more distortion may increase optimal monetary incentives.
Utgiver
Norwegian School of Economics and Business Administration. Department of Finance and Management Science
Serie
Discussion paper
2004:21

Kontakt oss | Gi tilbakemelding

Personvernerklæring
DSpace software copyright © 2002-2019  DuraSpace

Levert av  Unit
 

 

Bla i

Hele arkivetDelarkiv og samlingerUtgivelsesdatoForfattereTitlerEmneordDokumenttyperTidsskrifterDenne samlingenUtgivelsesdatoForfattereTitlerEmneordDokumenttyperTidsskrifter

Min side

Logg inn

Statistikk

Besøksstatistikk

Kontakt oss | Gi tilbakemelding

Personvernerklæring
DSpace software copyright © 2002-2019  DuraSpace

Levert av  Unit