Incentive Contracts

Edward Lazear

No 1917, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: Labor relations involve incentive problems. The market solves these problems by developing a variety of institutions. This paper describes and assesses the various forms of incentive contracts.

Date: 1986-05
Note: LS
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Published as The New Palgrave: A Dictionary of Economics. vol.2,pp. 744-748, ed. John Eatwell, Murray Milgate and Peter Newman. The Macmillan Press Limited London, 1987

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