The Negative Trade-off Between Risk and Incentives: Evidence from the American Whaling Industry
收藏NBER2006-01-01 更新2025-01-04 收录
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https://www.nber.org/papers/w11960
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资源简介：
This paper analyzes the trade-off between risk and incentives in the share contracts of the American whaling industry. Using a newly-collected panel of 5,378 individuals who sailed on whaling voyages from 1855-68, the response of sailors' compensation to an increase in risk is estimated. The risks
提供机构：
美国国家经济研究局
创建时间：
2006-01-01
