Holmstrom, Bengt; Milgrom, Paul - In: American Economic Review 84 (1994) 4, pp. 972-91
The authors explore the twin hypotheses (1) that high-performance incentives, worker ownership of assets, and worker freedom from direct controls are complementary instruments for motivating workers, and (2) that such instruments can be expected to covary positively in cross-sectional data. They...