Efficiency and equity tradeoffs: incentive-compatible contracts revisited
Author
Abstract
Suggested Citation
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Joseph E. Stiglitz, 1974.
"Incentives and Risk Sharing in Sharecropping,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 41(2), pages 219-255.
- Joseph E. Stiglitz, 1973. "Incentives and Risk-Sharing in Sharecropping," Cowles Foundation Discussion Papers 353, Cowles Foundation for Research in Economics, Yale University.
- Mitra, Pradeep K., 1983. "A theory of interlinked rural transactions," Journal of Public Economics, Elsevier, vol. 20(2), pages 167-191, March.
- Schaffner, Julie Anderson, 1993. "Rural labor legislation and permanent agricultural employment in Northeastern Brazil," World Development, Elsevier, vol. 21(5), pages 705-719, May.
- Pranab K. Bardhan, 1983. "Labor-tying in a Poor Agrarian Economy: A Theoretical and Empirical Analysis," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 98(3), pages 501-514.
- Bardhan, Pranab K, 1979. "Wages and Unemployment in a Poor Agrarian Economy: A Theoretical and Empirical Analysis," Journal of Political Economy, University of Chicago Press, vol. 87(3), pages 479-500, June.
- Green, Jerry R & Stokey, Nancy L, 1983.
"A Comparison of Tournaments and Contracts,"
Journal of Political Economy, University of Chicago Press, vol. 91(3), pages 349-364, June.
- Jerry R. Green & Nancy L. Stokey, 1982. "A Comparison of Tournaments and Contracts," NBER Working Papers 0840, National Bureau of Economic Research, Inc.
- Green, Jerry & Stokey, Nancy, 1983. "A Comparison of Tournaments and Contracts," Scholarly Articles 3203644, Harvard University Department of Economics.
- Eswaran, Mukesh & Kotwal, Ashok, 1985. "A Theory of Two-Tier Labor Markets in Agrarian Economies," American Economic Review, American Economic Association, vol. 75(1), pages 162-177, March.
- Hart, Gillian, 1986. "Interlocking transactions : Obstacles, Precursors or Instruments of Agrarian Capitalism?," Journal of Development Economics, Elsevier, vol. 23(1), pages 177-203, September.
- Cotton, Jeremiah, 1988. "On the Decomposition of Wage Differentials," The Review of Economics and Statistics, MIT Press, vol. 70(2), pages 236-243, May.
- Schaffner, Julie Anderson, 1995. "Attached farm labor, limited horizons and servility," Journal of Development Economics, Elsevier, vol. 47(2), pages 241-270, August.
- Legros, Patrick & Newman, Andrew F., 1996.
"Wealth Effects, Distribution, and the Theory of Organization,"
Journal of Economic Theory, Elsevier, vol. 70(2), pages 312-341, August.
- Patrick Legros & Andrew Newman, 1996. "Wealth effects, distribution, and the theory of organization," ULB Institutional Repository 2013/7036, ULB -- Universite Libre de Bruxelles.
- Dye, Ronald A, 1984. "The Trouble with Tournaments," Economic Inquiry, Western Economic Association International, vol. 22(1), pages 147-149, January.
- Gersovitz, Mark, 1992. "Tropical Tree Crops, Credit and Moral Hazard," Oxford Economic Papers, Oxford University Press, vol. 44(3), pages 480-493, July.
- repec:bla:econom:v:63:y:1996:i:250:p:343-52 is not listed on IDEAS
- repec:bla:rdevec:v:1:y:1997:i:3:p:305-23 is not listed on IDEAS
- Basu, Kaushik, 1983. "The Emergence of Isolation and Interlinkage in Rural Markets," Oxford Economic Papers, Oxford University Press, vol. 35(2), pages 262-280, July.
- Peter B. Doeringer & Philip I. Moss & David G. Terkla, 1986. "Capitalism and Kinship: Do Institutions Matter in the Labor Market?," ILR Review, Cornell University, ILR School, vol. 40(1), pages 48-60, October.
- Mukherjee, Anindata & Ray, Debraj, 1991. "Wages and involuntary unemployment in the slack season of a village economy," Journal of Development Economics, Elsevier, vol. 37(1-2), pages 227-264, November.
- repec:bla:econom:v:60:y:1993:i:237:p:57-77 is not listed on IDEAS
- Malcomson, James M, 1984. "Work Incentives, Hierarchy, and Internal Labor Markets," Journal of Political Economy, University of Chicago Press, vol. 92(3), pages 486-507, June.
- Barry J. Nalebuff & Joseph E. Stiglitz, 1983. "Prices and Incentives: Towards a General Theory of Compensation and Competition," Bell Journal of Economics, The RAND Corporation, vol. 14(1), pages 21-43, Spring.
- Shapiro, Carl & Stiglitz, Joseph E, 1984. "Equilibrium Unemployment as a Worker Discipline Device," American Economic Review, American Economic Association, vol. 74(3), pages 433-444, June.
- Assaad, Ragui, 1997. "Kinship ties, social networks, and segmented labor markets: evidence from the construction sector in Egypt," Journal of Development Economics, Elsevier, vol. 52(1), pages 1-30, February.
- Lee, Lung-Fei, 1978. "Unionism and Wage Rates: A Simultaneous Equations Model with Qualitative and Limited Dependent Variables," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 19(2), pages 415-433, June.
- Tunali, Insan, 1993. "Choice of Contracts in Turkish Agriculture," Economic Development and Cultural Change, University of Chicago Press, vol. 42(1), pages 67-86, October.
- Knoeber, Charles R & Thurman, Walter N, 1994. "Testing the Theory of Tournaments: An Empirical Analysis of Broiler Production," Journal of Labor Economics, University of Chicago Press, vol. 12(2), pages 155-179, April.
- Oaxaca, Ronald L. & Ransom, Michael R., 1994. "On discrimination and the decomposition of wage differentials," Journal of Econometrics, Elsevier, vol. 61(1), pages 5-21, March.
- Sappington, David, 1983. "Limited liability contracts between principal and agent," Journal of Economic Theory, Elsevier, vol. 29(1), pages 1-21, February.
- Dewalt, Billie R. & Vergne, Philippe & Hardin, Mark, 1996. "Shrimp aquaculture development and the environment: People, mangroves and fisheries on the Gulf of Fonseca, Honduras," World Development, Elsevier, vol. 24(7), pages 1193-1208, July.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Dela Cruz, Alma M., 2007. "Contractual Arrangements in Agriculture (Northern and Central Luzon Component)," Discussion Papers DP 2007-21, Philippine Institute for Development Studies.
- Denise Stanley, 2010. "Outmigration, Human Development and Trade: A Central American Case Study," Journal of Human Development and Capabilities, Taylor & Francis Journals, vol. 11(2), pages 315-337.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- repec:eee:labchp:v:3:y:1999:i:pb:p:2373-2437 is not listed on IDEAS
- Eric Edmonds, 2007. "Institutional Influences on Human Capital Accumulation: Micro Evidence from Children Vulnerable to Bondage," Working Papers id:1109, eSocialSciences.
- Espen Villanger, 2006. "Is bonded labor voluntary? A framework against forced work," CMI Working Papers WP 2006: 7, CMI (Chr. Michelsen Institute), Bergen, Norway.
- Mukherjee, Anindita & Ray, Debraj, 1995.
"Labor tying,"
Journal of Development Economics, Elsevier, vol. 47(2), pages 207-239, August.
- Anindita Mukherjee & Debraj Ray, 1992. "Labor Tying," Boston University - Institute for Economic Development 29, Boston University, Institute for Economic Development.
- Genicot, Garance, 2002. "Bonded labor and serfdom: a paradox of voluntary choice," Journal of Development Economics, Elsevier, vol. 67(1), pages 101-127, February.
- Schaffner, Julie Anderson, 1995. "Attached farm labor, limited horizons and servility," Journal of Development Economics, Elsevier, vol. 47(2), pages 241-270, August.
- Ola Kvaløy & Trond E. Olsen, 2006.
"Team Incentives in Relational Employment Contracts,"
Journal of Labor Economics, University of Chicago Press, vol. 24(1), pages 139-170, January.
- Kvaløy, Ola & Olsen, Trond E., 2005. "Team Incentives in Relational Employment Contracts," Discussion Papers 2005/7, Norwegian School of Economics, Department of Business and Management Science.
- Edward P. Lazear, 1995.
"Personnel Economics,"
MIT Press Books,
The MIT Press,
edition 1, volume 1, number 0262121883, December.
- Edward P. Lazear & Paul Oyer, 2007. "Personnel Economics," NBER Working Papers 13480, National Bureau of Economic Research, Inc.
- Matthias Kräkel, 2006.
"Splitting Leagues,"
Journal of Economics, Springer, vol. 88(1), pages 21-48, June.
- Kräkel, Matthias, 2003. "Splitting Leagues," Bonn Econ Discussion Papers 6/2003, University of Bonn, Bonn Graduate School of Economics (BGSE).
- Marinakis, Kosmas & Tsoulouhas, Theofanis, 2013.
"Are tournaments optimal over piece rates under limited liability for the principal?,"
International Journal of Industrial Organization, Elsevier, vol. 31(3), pages 223-237.
- Kosmas Marinakis & Theofanis Tsoulouhas, 2006. "Are Tournaments Optimal over Piece Rates under Limited Liability for the Principal?," Working Paper Series 009, North Carolina State University, Department of Economics, revised Sep 2006.
- Kräkel, Matthias, 2004.
"Emotions and Incentives,"
IZA Discussion Papers
1270, Institute of Labor Economics (IZA).
- Kräkel, Matthias, 2004. "Emotions and Incentives," Bonn Econ Discussion Papers 14/2004, University of Bonn, Bonn Graduate School of Economics (BGSE).
- Ola Kvaløy & Trond E. Olsen, 2012.
"The Rise of Individual Performance Pay,"
Journal of Economics & Management Strategy, Wiley Blackwell, vol. 21(2), pages 493-518, June.
- Kvaløy, Ola & Olsen, Trond E., 2006. "The rise of individual performance pay," Discussion Papers 2006/22, Norwegian School of Economics, Department of Business and Management Science.
- Kvaløy, Ola & Olsen, Trond, 2008. "The rise of individual performance pay," UiS Working Papers in Economics and Finance 2009/3, University of Stavanger.
- Ola Kvaloy & Trond Olsen, 2007. "The Rise of Individual Performance Pay," CESifo Working Paper Series 2145, CESifo.
- Kräkel, Matthias, 2004.
"Tournaments versus Piece Rates under Limited Liability,"
Bonn Econ Discussion Papers
8/2004, University of Bonn, Bonn Graduate School of Economics (BGSE).
- Kräkel, Matthias, 2004. "Tournaments versus Piece Rates under Limited Liability," Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems 15, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich.
- Kräkel, Matthias, 2005. "Emotions and the Optimality of Unfair Tournaments," Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems 45, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich.
- Bentley Coffey & M. T. Maloney, 2010. "The Thrill of Victory: Measuring the Incentive to Win," Journal of Labor Economics, University of Chicago Press, vol. 28(1), pages 87-112, January.
- Matthias Kräkel, 2006. "Zur Reform der Professorenbesoldung in Deutschland," Perspektiven der Wirtschaftspolitik, Verein für Socialpolitik, vol. 7(1), pages 105-126, February.
- repec:eee:labchp:v:3:y:1999:i:pb:p:2859-2939 is not listed on IDEAS
- Platteau, Jean-Philippe, 1995.
"A framework for the analysis of evolving patron-client ties in agrarian economies,"
World Development, Elsevier, vol. 23(5), pages 767-786, May.
- Platteau, J.P., 1994. "A Framework for the Analysis of Evolving Patron-Client Ties In Agrarian Economies," Papers 140, Notre-Dame de la Paix, Sciences Economiques et Sociales.
- Wei Shi & Brian L. Connelly & Wm. Gerard Sanders, 2016. "Buying bad behavior: Tournament incentives and securities class action lawsuits," Strategic Management Journal, Wiley Blackwell, vol. 37(7), pages 1354-1378, July.
- Edward P. Lazear & Paul Oyer, 2012.
"Personnel Economics [The Handbook of Organizational Economics],"
Introductory Chapters,,
Princeton University Press.
- Edward P. Lazear & Paul Oyer, 2007. "Personnel Economics," NBER Working Papers 13480, National Bureau of Economic Research, Inc.
- Bernd Frick, 2003. "Contest Theory and Sport," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 19(4), pages 512-529, Winter.
- P.-J. Jost & M. Kräkel, 2005.
"Preemptive behavior in sequential-move tournaments with heterogeneous agents,"
Economics of Governance, Springer, vol. 6(3), pages 245-252, November.
- Jost, Peter-Jürgen & Kräkel, Matthias, 2004. "Preemptive Behavior in Sequential-Move Tournaments with Heterogeneous Agents," Bonn Econ Discussion Papers 21/2004, University of Bonn, Bonn Graduate School of Economics (BGSE).
Corrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:deveco:v:67:y:2002:i:2:p:309-331. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/devec .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.