Showing 1 - 10 of 4,581
thus far puzzling use of non-linear incentives, for example in sales-force compensation. The result is obtained by …
Persistent link: https://www.econbiz.de/10009699416
Persistent link: https://www.econbiz.de/10011650243
Persistent link: https://www.econbiz.de/10014293780
an AR(k) process. -- asymmetric information ; stochastic processes ; incentives …
Persistent link: https://www.econbiz.de/10008665252
We examine the design of incentive-compatible screening mechanisms for dynamic environments in which the agents' types follow a (possibly non-Markov) stochastic process, decisions may be made over time and may affect the type process, and payoffs need not be time-separable. We derive a formula...
Persistent link: https://www.econbiz.de/10013142559
Persistent link: https://www.econbiz.de/10011582876
Persistent link: https://www.econbiz.de/10011607287
Persistent link: https://www.econbiz.de/10011549241
Persistent link: https://www.econbiz.de/10012286347
This paper investigates the optimal design of incentives when agents distort probabilities. We show that the type of …, the strength of the incentives included in the optimal contract, and the location of incentives on the output space. Our …
Persistent link: https://www.econbiz.de/10013460007