Team Production, Kinked Schemes, and Communication : on Budgeting when Linearity Holds.

Holmstrom and Milgrom's (1987) relative performance evaluation example has a simple budgeting interpretation. In an attractive manner, this example conveys some of the basic insights of Holmstrom (1982). The model investigated is a principal-manager-agent version of this example in which the manager is responsible for net results.

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Year of publication:	1996
Authors:	Lundesgaard, J
Institutions:	Institute of Social and Economic Research (ISER), Osaka University
Subject:	PRODUCTION \| COMMUNICATION

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Series:	Osaka - Institute of Social and Economic Research.
Type of publication:	Book / Working Paper
Notes:	38 pages
Classification:	L23 - Organization of Production
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005670057