This article describes how theoretical developments in the field of agency and contract economics may be of great inspiration for the practical design of incentive- and performance-based compensation systems. Principles and stylized facts arising from the analysis of the principal-agent framework ond the economic theory of teams are presented by means of trade-offs that human resource practitioners should take into account when tailoring compensation systems to the specific needs of a particular organization.

The effective design of managerial incentive systems : combining theoretical principles and practical trade-offs / Rossi, Alessandro. - ELETTRONICO. - (2001), pp. 1-33.

The effective design of managerial incentive systems : combining theoretical principles and practical trade-offs

Rossi, Alessandro
2001-01-01

Abstract

This article describes how theoretical developments in the field of agency and contract economics may be of great inspiration for the practical design of incentive- and performance-based compensation systems. Principles and stylized facts arising from the analysis of the principal-agent framework ond the economic theory of teams are presented by means of trade-offs that human resource practitioners should take into account when tailoring compensation systems to the specific needs of a particular organization.
2001
Trento, Italia
University of Trento. Department of Computer and management Sciences and ROCK (Reserch on Organizations, Coordination and Knowledge)
The effective design of managerial incentive systems : combining theoretical principles and practical trade-offs / Rossi, Alessandro. - ELETTRONICO. - (2001), pp. 1-33.
Rossi, Alessandro
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11572/358760
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