Agency theory and work incentives

<em>Agency Theory and Work Incentives</em> (by Maurizio Lisciandra) - ABSTRACT: This paper is an extensive review of agency theory applied to labour incentives. It introduces a generalised principal-agent model that goes through a certain degree of critical assessment. The analysis of the optimality within the trade-off of insurance against incentives is enriched by bringing in the contribution of established extensions and new approaches to the agency theory and, to a larger extent, labour incentives. Keywords: Agency Theory, Incentives, Labour Contracts