The DOI matches its Crossref record; 3 of the 3 references it cites were found in a registry or an index.
Incentives Between Firms (and Within)
Abstract
This paper reviews the significant progress in “agency theory” (i.e., the economic theory of incentives) during the 1990s, with an eye toward applications to supply transactions. I emphasize six recent models, in three pairs: (1) new foundations for the theory of incentive contracts, (2) new directions in incentive theory, and (3) new applications to supply transactions. By reviewing these six models, I hope to establish three things. First, the theory of incentive contracts needed and received new foundations. Second, new directions in incentive theory teach us that incentive contracts are not the only source of incentives. Finally (and especially relevant to supply transactions), the integration decision is an instrument in the incentive problem.
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Citations
Cites
Coase, R. H. (1937) · Economica · doi:10.1111/j.1468-0335.1937.tb00002.x · Cited by 23,972
The Provision of Incentives in Firms
Prendergast, C. (1999) · Journal of Economic Literature · doi:10.1257/jel.37.1.7 · Cited by 3,338
Managerial Incentive Problems: A Dynamic Perspective
Holmstrom, B. (1999) · Review of Economic Studies · doi:10.1111/1467-937x.00083 · Cited by 3,172
Cited by
Information and Employee Evaluation: Evidence from a Randomized Intervention in Public Schools
Rockoff, J. E., Staiger, D. O., Kane, T. J., & Taylor, E. S. (2012) · American Economic Review · doi:10.1257/aer.102.7.3184 · Cited by 138
Pankowska, M. (2019) · Sustainability · doi:10.3390/su11051460 · Cited by 55
“6 [61] Incentive contracts should cover the integration decision as an instrument in the incentive problem solving process.”
BackgroundVelez-Calle, A. (2018) · No Publisher Supplied · doi:10.7282/t3-8zsd-a782 · Cited by 4
Metadata
- Authors
- Gibbons, R.
- Venue
- Management Science
- Published
- 2005-01
- Volume
- 51
- Issue
- 1
- Pages
- 2-17
- ISSN
- 0025-1909 (ISSN-L)
- 1526-5501
- OpenAlex
- W1964364842
- Cited by
- 362
- References
- 3
- FWCI
- 45.24
- Type
- journal article
- Language
- en
- Open access
- closed
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