Agent Discretion, Adverse Selection and the Risk-Incentive Trade-Off

By Federal Trad Commission and United States Federal Trade Commission

A basic tenet of incentive theory states that there is a trade-off between risk and incentives. By implication, greater variation in firm profits leads to a reduction in the use of profit sharing.... This description may be from another edition of this product.

• Format: Paperback
• Language: English
• ISBN: 1502739534
• ISBN13: 9781502739537
• Release Date: October 2014
• Publisher: Createspace Independent Publishing Platform
• Length: 32 Pages
• Weight: 0.22 lbs.
• Dimensions: 0.1" x 8.5" x 11.0"