Principal-agent Incentives, Excess Caution, and Market Inefficiency: Evidence From Utility Regulation
收藏NBER2007-12-01 更新2025-01-04 收录
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https://www.nber.org/papers/w13679
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资源简介：
Regulators and firms often use incentive schemes to attract skillful agents and to induce them to put forth effort in pursuit of the principals' goals. Incentive schemes that reward skill and effort, however, may also punish agents for adverse outcomes beyond their control. As a result, such schemes
提供机构：
美国国家经济研究局
创建时间：
2007-12-01
