Competition and Incentives with Motivated Agents
34 Pages Posted: 18 Nov 2004
There are 2 versions of this paper
Competition and Incentives with Motivated Agents
Date Written: September 2004
Abstract
A unifying theme in the literature on organizations, such as public bureaucracies and private non-profits, is the importance of missions, as opposed to profit, as an organizational goal. Such mission-oriented organizations are frequently staffed by motivated agents who subscribe to the mission. This Paper studies incentives in such contexts and emphasizes the role of matching principals' and agents' mission preferences in increasing organizational efficiency and reducing the need for high-powered incentives. The framework developed in this Paper is applied to non-profits, school competition, and incentives in the public sector.
Keywords: Competition, incentives, non-profits
JEL Classification: D23, H10, L31
Suggested Citation: Suggested Citation
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