Discretion and Incentives in Organizations

Trond Olsen and Gaute Torsvik

Journal of Labor Economics, 2000, vol. 18, issue 3, 377-404

Abstract: We analyze the link between workers' discretion and incentives in an organisation that lasts for several periods. In a long-lasting affiliation, it is possible for the principal to learn and update her beliefs about essential characteristics associated with either the job or the agent. This learning possibility has an important effect on the link between workers' discretion and incentives. Copyright 2000 by University of Chicago Press.

Date: 2000
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