conceivable: the voting mechanisms of various kinds and the planning procedures of various kinds. The theory of social choice … collective decision processes leads to a natural weakening of incentives requirements, which is to assume myopic behavior. A …

incentives theory to date. Central to this theory is a simple question as pivotal to modern-day management as it is to economics …Economics has much to do with incentives--not least, incentives to work hard, to produce quality products, to study, to … sharecropping contracts, only in recent decades has a theory begun to emerge to place the topic at the heart of economic thinking …