Learning-by-Doing; Consequences for Incentive Design

Petter Osmundsen

Working Papers from Norwegian School of Economics and Business Administration-

Abstract: Through a learning-by-doing process, a firm's efficiency depends positively on the extent of its previous business activity. From a dynamic incentives perspective, therefore, efficiency is endogenous. In addition, the efficiency of the firm is likely to be subject to private information. The model captures some of the trade-offs principals face in designing incentive schemes in this context.

Keywords: INCENTIVES; CONTRACTS; INFORMATION (search for similar items in EconPapers)
JEL-codes: D82 D83 L51 (search for similar items in EconPapers)
Pages: 8 pages
Date: 1998
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Journal Article: Learning-by-doing; consequences for incentive design (2002)
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Persistent link: https://EconPapers.repec.org/RePEc:fth:norgee:12/98

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