Self-Interest, Incentives and the Decision-Making

Matjaz Steinbacher

MPRA Paper from University Library of Munich, Germany

Abstract: Paper analyzes the impact of incentives and disincentives on the decision-making of individuals. Their role in the decision-making processes is huge, as they affect the cost-benefit analysis of investment projects of scarce resources. They both are subject of huge negative effects. A hidden trap of providing incentives is represented by costs any such activity involves, with coercive subsidies having socialized costs for the benefits of individuals. This makes them very dangerous and controversial.

Keywords: Evolutionary games; incentives and disincentives; investment decisions; Roy model (search for similar items in EconPapers)
JEL-codes: C73 D61 M52 Z13 (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:15041

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