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  • Search: subject:"Risk Diversification and Incentives"
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Design of Control in Organizations 1 Incentive Schemes 1 Multitask Principal-Agent Problems 1 Risk Diversification and Incentives 1
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Gersbach, Hans 1
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Management Science 1
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On the Equivalence of General and Specific Control in Organizations
Gersbach, Hans - In: Management Science 44 (1998) 5, pp. 730-737
Most principal-agent relationships in firms are multidimensional. In the presence of multiple tasks and multiple performance signals, the contract between principal and agent not only has to motivate the agent, but also has to direct the agent to allocate effort among different tasks. The value...
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