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The Tenuous Tradeoff Between Risk and Incentives

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NBER2000-07-01 更新2025-01-04 收录
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https://www.nber.org/papers/w7815
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Empirical work testing for a negative tradeoff between risk and incentives, a cornerstone of agency theory, has not had much success. Indeed, the data seem to suggest a positive relationship between measures of uncertainty and incentives, rather than the posited negative tradeoff. I argue that the
提供机构:
美国国家经济研究局
创建时间:
2000-07-01
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