70乾坤帽。魔法79.防御66 3J月亮 四海 精致的反义词 150：150…

来源：蜘蛛抓取(WebSpider) 时间：2011-08-24 03:31 标签： 精致的反义词
Managerial Incentive Problems: A Dynamic Perspective on JSTOR
Have library access?
Managerial Incentive...
Journal Article
Bengt Holmstr?m
The Review of Economic Studies
Vol. 66, No. 1, Special Issue: Contracts (Jan., 1999), pp. 169-182
Published by:
Stable URL: http://www.jstor.org/stable/2566954
Page Count: 14
You can always find the topics here!
Were these topics helpful?
Labor supply
Investment strategies
Risk management
Financial management
Moral hazard models
Investment pools
Contract incentives
Moral hazard
Investment management companies
Discounting
Cite This Item
Copy Citation
Export Citation
(For EndNote, ProCite, Reference Manager, Zotero…)
(For BibTex)
Note: Always review your references and make any necessary corrections before using. Pay attention to names, capitalization, and dates.
Article Tools
You have javascript disabled.
In order to preview this item and view access options please enable javascript.
The paper studies how a person's concern for a future career may influence his or her incentives to put in effort or make decisions on the job. In the model, the person's productive abilities are revealed over time through observations of performance. There are no explicit output-contingent contracts, but since the wage in each period is based on expected output and expected output depends on assessed ability, an "implicit contract" links today's performance to future wages. An incentive problem arises from the person's ability and desire to influence the learning process, and therefore the wage process, by taking unobserved actions that affect today's performance. The fundamental incongruity in preferences is between the individual's concern for human capital returns and the firm's concern for financial returns. The two need be only weakly related. It is shown that career motives can be beneficial as well as detrimental, depending on how well the two kinds of capital returns are aligned.
Page Thumbnails
How does it work?
Select the
purchase option.
Check out using a credit card or bank account with .
Read your article online and download the PDF from your email or your MyJSTOR account.
Access supplemental materials and multimedia.
Unlimited access to purchased articles.
Ability to save and export citations.
Custom alerts when new content is added.
Yearly Plan
Access everything in the JPASS collection
Read the full-text of every article
Download up to 60 article PDFs to save and keep
Processing your request...
Processing your request...

我要回帖

更多关于 精致的反义词 的文章

 

随机推荐