Gibbons, Robert - In: Management Science 51 (2005) 1, pp. 2-17
foundations for the theory of incentive contracts, (2) new directions in incentive theory, and (3) new applications to supply … transactions. By reviewing these six models, I hope to establish three things. First, the theory of incentive contracts needed and … received new foundations. Second, new directions in incentive theory teach us that incentive contracts are not the only source …