Incentives Between Firms (and Within)

Article OPEN
Robert Gibbons;
  • Journal: Management Science,volume 51,issue 1 January,pages2-17
  • Related identifiers: doi: 10.1287/mnsc.1040.0229
  • Subject: incentives, agency theory, relational contracts, supply transactions
    acm: ComputingMilieux_MISCELLANEOUS

This paper reviews the significant progress in Üagency theoryÝ (i.e., the economic theory of incentives) during the 1990s, with an eye toward applications to supply transactions. I emphasize six recent models, in three pairs: (1) new foundations for the theory of incent... View more
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