The stock level in industrial companies is frequently subject of critical discussions. Material managers tendtowards high stock levels to ensure delivery and operational readiness. In contrast, controllers demand lowerstock levels to minimize the costs of capital commitment. This decision...

Part. 1. Setting Incentives for Managers: Incentive Compatibility, Similarity Rule, and Goal Congruence -- 2. Reflections on the Practical Applicability of Strategic Game Theory to Managerial Incentivation -- 3. Optimal Design of Incentive Contracts: Behavioural and Multi-Period Performance...