Related articles:
Moral hazard
Agency cost
Information asymmetry
Market failure
Rent seeking
Governance
Political corruption
Key terms:
workers
incentive
eg
wages
employee
contracts
compensation
tournaments
costly
employer
tenant
optimal
landlord
productivity
supervisors
rosen
rewarded
bonuses
adopter
piece rates
quota
prendergast
energy efficiency
deming
top executives
exogenous
milgrom
performance evaluation
agency theory
some extent
holmstrom
constructive
incentive structures
problem arises
social capital
arises when
inefficient
diversified
supervisory
share price
deferred compensation
principal agent problem
employee performance
objective performance
efficiency wages
incentive effects
empirical evidence
information asymmetry
intensity of incentives
subjective performance evaluation
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