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Property Rights, Incentives, and Organizations

In: Property Rights and Managerial Decisions in For-profit, Nonprofit, and Public Organizations

Author

Listed:
  • Kathleen A. Carroll

Abstract

Incentives direct economic behavior. Incentives derive from the system of rewards and penalties that prevails in any decision environment. The efficient decision maker considers each decision alternative, compares the net gain from each alternative, and then chooses the decision that yields the highest net gain.

Suggested Citation

  • Kathleen A. Carroll, 2004. "Property Rights, Incentives, and Organizations," Palgrave Macmillan Books, in: Property Rights and Managerial Decisions in For-profit, Nonprofit, and Public Organizations, chapter 4, pages 45-57, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-4039-4809-0_4
    DOI: 10.1057/9781403948090_4
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