Agency Theory and Work Incentives
Studi Economici, 91(1): 117-146
30 Pages Posted: 27 Sep 2012 Last revised: 1 Jul 2016
Date Written: 2007
This paper is an extensive review of agency theory applied to labour incentives. It introduces a generalised principal-agent model that goes through a certain degree of critical assessment. The analysis of the optimality within the trade-off of insurance against incentives is enriched by bringing in the contribution of established extensions and new approaches to the agency theory and, to a larger extent, labour incentives.
Keywords: Agency Theory, Incentives, Labour Contracts
JEL Classification: D86, J33, M52
Suggested Citation: Suggested Citation