Motivating wealth-constrained actors.
We examine how owners of productive resources (e.g., public enterprises or financial capital) optimally allocate their resources among wealth-constrained operators of unknown ability. Optimal allocations exhibit: (1) shared enterprise profit—the resource owner always shares the operator's profit;...
| Publicado en: | American Economic Review Vol. 90; no. 4; pp. 944 - 961 |
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| Autores principales: | , |
| Formato: | Artículo |
| Publicado: |
American Economic Association
September 2000
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| Materias: | |
| Acceso en línea: | Ver este registro en EBSCOhost |