Explicit and Implicit Incentives for Multiple Agents
Jonathan Glover (2012) “Explicit and Implicit Incentives for Multiple Agents”, Foundations and Trends® in Accounting: Vol. 7: No. 1, pp 1-71
73 Pages Posted: 17 Jan 2013 Last revised: 4 Feb 2014
Date Written: January 16, 2013
This monograph presents existing and new research on three approaches to multiagent incentives: simpler mechanisms, robust mechanisms, and implicit contracts. The goal of all three approaches is to find theories that better explain observed institutions than the standard approach has.
Keywords: Teams, Simpler Mechanisms, Robust Mechanisms, Implicit Contracts, Bailouts
JEL Classification: G28, G31, J33, M4, M52, M54
Suggested Citation: Suggested Citation