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The target-incentive system vs. the price incentive system under adverse selection and the ratchet effect

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  • ZOU, Liang

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  • ZOU, Liang, 1991. "The target-incentive system vs. the price incentive system under adverse selection and the ratchet effect," LIDAM Reprints CORE 955, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    • Handle: RePEc:cor:louvrp:955
    DOI: 10.1016/0047-2727(91)90064-9
    Note: In : Journal of Public Economics, 46, 51-89, 1991
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    Cited by:

    1. Dillen, Mats & Lundholm, Michael, 1996. "Dynamic income taxation, redistribution, and the ratchet effect," Journal of Public Economics, Elsevier, vol. 59(1), pages 69-93, January.
    2. Liang Zou, 1992. "Threat-Based Implementation of Incentive Compatible Mechanisms," Annals of Economics and Statistics, GENES, issue 25-26, pages 189-204.
    3. Joaquim Vergés, 2010. "Incentive schemes for executive officers when forecasts matter," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 31(5), pages 339-352.
    4. Iny Hwang & Youngsoo Kim & Michael K. Lim, 2023. "Optimal Ratcheting in Executive Compensation," Decision Analysis, INFORMS, vol. 20(2), pages 166-185, June.
    5. Arthur Selender & Liang Zou, 1994. "Limited liability and the underlying-asset constraint: on the use of share-derivative contracts to resolve agency problems," Journal of Economics, Springer, vol. 59(2), pages 149-166, June.

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