MANAGERIAL INCENTIVE CONTRACTS WITH A PRODUCTION EXTERNALITY

Authors
CHOI YK
Citation
Yk. Choi, MANAGERIAL INCENTIVE CONTRACTS WITH A PRODUCTION EXTERNALITY, Economics letters, 42(1), 1993, pp. 37-42
Citations number
10
Categorie Soggetti
Economics
Journal title
Economics letters → ACNP
ISSN journal
01651765
Volume
42
Issue
1
Year of publication
1993
Pages
37 - 42
Database
ISI
SICI code
0165-1765(1993)42:1<37:MICWAP>2.0.ZU;2-Q
Abstract
A multi-agent model is extended to examine the optimal incentive contr act when a production externality is significant in team production. A situation is described where relative performance evaluation is ineff ective.