HIGHLIGHTS
- who: Marco A. Marini and collaborators from the Department of Social and Economic Sciences, Sapienza University of Rome, Ancona, Italy have published the article: Optimal Incentives in a Principal-Agent Model with Endogenous Technology, in the Journal: (JOURNAL)
- what: The authors show that this relationship may be absent or reversed when the is and projects with a higher efficiency are also riskier. Differently from the logic developed in the matching models, in this paper, the authors propose an alternative and simpler explanation of the relationship between risk and incentives based on the endogeneity of the . . .
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