empirical inquiries. Researchers have found that mismanagement is often a consequence of misplaced incentives. This paper tries … incentives. An introduction is given as a short overview of the healthcare sector with its economical specialties. This is … followed by an outline of some well established contract models and their effect on the demander’s incentives. The paper …

actions of many functional representatives acting in a decentralized setting. Functional managers, however, respond to their … own individual incentives and may consequently fail to maximize the overall profits of the firm. We examine this issue in … incentives. We illustrate the flexibility of the scheme by applying it to several models in the operations management literature. …

This paper reviews the significant progress in Üagency theoryÝ (i.e., the economic theory of incentives) during the … foundations for the theory of incentive contracts, (2) new directions in incentive theory, and (3) new applications to supply … transactions. By reviewing these six models, I hope to establish three things. First, the theory of incentive contracts needed and …

appropriate compensation contract. In addition, this study provides evidence that agency theory also explains the decisions about …

A main prediction of agency theory is the well known risk-incentive trade-off. Incentive contracts should be found in …

A main prediction of agency theory is the well known risk-incentive trade-off. Incentive contracts should be found in …

considerable differences. Against the background of principle-agent theory we have a closer look at these incentive systems. In … set incentives for players based on their individual effort. We show that there are reasons why incentive clauses in …, efficient incentives are complementarily provided by subjective and objective performance measures. Secondly, cooperation …