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Linear contracts as incentives: a puzzle

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  • Óscar Gutiérrez

Abstract

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Suggested Citation

  • Óscar Gutiérrez, 2007. "Linear contracts as incentives: a puzzle," Spanish Economic Review, Springer;Spanish Economic Association, vol. 9(2), pages 153-158, June.
  • Handle: RePEc:spr:specre:v:9:y:2007:i:2:p:153-158
    DOI: 10.1007/s10108-006-9021-z
    as

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    References listed on IDEAS

    as
    1. Brian J. Hall & Jeffrey B. Liebman, 1998. "Are CEOs Really Paid Like Bureaucrats?," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 113(3), pages 653-691.
    2. Jensen, Michael C & Murphy, Kevin J, 1990. "Performance Pay and Top-Management Incentives," Journal of Political Economy, University of Chicago Press, vol. 98(2), pages 225-264, April.
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    More about this item

    Keywords

    Moral hazard; Linear schedules; Certainty equivalent; J33; M40;
    All these keywords.

    JEL classification:

    • J33 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Compensation Packages; Payment Methods
    • M40 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - General

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