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Managerial incentives: on the Near Linearity of Optimal Compensation
5 references·16 citing·40 second hop
Managerial incentives: on the Near Linearity of Optimal Compensation (1998)Managerial incentives: on the Near Linear…Limited liability and incentive contracting with ex-ante action choices (1990)Limited liability and incenti…The theory of contracts (1987)The theory of contractsCompetition for Agency Contracts (1987)Competition for Agency Contra…Aggregation and Linearity in the Provision of Intertemporal Incentives (1987)Aggregation and Linearity in …Using Cost Observation to Regulate Firms (1986)Using Cost Observation to Reg…Robust Contract Designs: Linear Contracts and Moral Hazard (2020)Robust Contract Designs: Line…Optimal contracts with a risk‐taking agent (2020)Optimal contracts with a risk…Simple versus Optimal Contracts (2019)Simple versus Optimal Contrac…Robustness in Mechanism Design and Contracting (2019)Robustness in Mechanism Desig…Why Organizations Fail: Models and Cases (2016)Why Organizations Fail: Model…Risking Other People's Money: Gambling, Limited Liability, and Optimal Incentives (2013)Risking Other People's Money:…Financial Contracting Under Imperfect Enforcement (2011)Financial Contracting Under I…Do Managers with Limited Liability Take More Risky Decisions? An Information Acquisition Model (2011)Do Managers with Limited Liab…Rewarding Trading Skills Without Inducing Gambling (2010)Rewarding Trading Skills With…Overconfidence and delegated portfolio management (2010)Overconfidence and delegated …A Case for Percentage Commission Contracts: The Impact of a “Race” Among Agents (2008)A Case for Percentage Commiss…Relative Performance Evaluation Contracts and Asset Market Equilibrium (2005)Relative Performance Evaluati…Risk taking in selection contests (2003)Risk taking in selection cont…Incentives for effective risk management (2002)Incentives for effective risk…Empire building by corporate managers: (2000)Empire building by corporate …Do CEOs Set Their Own Pay? The Ones Without Principals Do (2000)Do CEOs Set Their Own Pay? Th…Moral Hazard and Observability (1979)An Analysis of the Principal-Agent Problem (1983)The Dynamics of Incentive Contracts (1988)Incentives in Principal-Agent Relationships (1991)The Theory of Incentives: The Principal-Agent Model (2001)Optimal Auction Design (1981)Moral Hazard in Teams (1982)Optimal Contracts for Teams (1991)Regulation and administered contracts revisited: Lessons from transaction-cost economics for public utility regulation (1996)Regulation, Competition, and Liberalization (2006)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Corporate financing and investment decisions when firms have information that investors do not have (1984)A Liquidity-based Model of Security Design (1999)Relational Incentive Contracts (2003)Managerial Ownership and Accounting Conservatism (2008)Good News and Bad News: Representation Theorems and Applications (1981)Agency costs and innovation (1989)Herd Behavior and Investment (1988)Costly Search and Mutual Fund Flows (1998)Modeling leakage in two-stage DEA models: An application to US mutual fund families (2015)Is There Too Much Benchmarking in Asset Management? (2020)Is There Too Much Benchmarking in Asset Management? (2023)A BEHAVIORAL MODEL OF RATIONAL CHOICE (1955)Separation of Ownership and Control (1983)Indulgence and risk-taking behavior of firms: Direct and interactive influences (2022)The Impacts of Managerial Autonomy on Firm Outcomes (2024)Job Market Signaling (1973)Multitask Principal–Agent Analyses: Incentive Contracts, Asset Ownership, and Job Design (1991)Maxmin expected utility with non-unique prior (1989)Salesforce Compensation and Two‐Sided Ambiguity: Robust Moral Hazard with Moment Information (2021)Simple contracts with adverse selection and moral hazard (2022)Rank-Order Tournaments as Optimum Labor Contracts (1979)Rank-Order Tournaments as Optimum Labor Contracts (1981)Risk Taking by Mutual Funds as a Response to Incentives (1997)Selection Tournaments, Sabotage, and Participation (2007)Selecting the Best? Spillover and Shadows in Elimination Tournaments (2014)Biased contests for symmetric players (2016)The Socialist System (1992)Reciprocity as a Contract Enforcement Device: Experimental Evidence (1997)Incomplete Contracts: Where do We Stand? (1999)
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References

  • 1987Aggregation and Linearity in the Provision of Intertemporal Incentives2,870 cited
  • 1987The theory of contracts1,330 cited
  • 1986Using Cost Observation to Regulate Firms1,215 cited
  • 1990Limited liability and incentive contracting with ex-ante action choices925 cited
  • 1987Competition for Agency Contracts246 cited

Cited by

  • 2003Risk taking in selection contests103 cited
  • 2019Robustness in Mechanism Design and Contracting89 cited
  • 2016Why Organizations Fail: Models and Cases86 cited
  • 2005Relative Performance Evaluation Contracts and Asset Market Equilibrium64 cited
  • 2019Simple versus Optimal Contracts51 cited
  • 2000Do CEOs Set Their Own Pay? The Ones Without Principals Do47 cited
  • 2010Rewarding Trading Skills Without Inducing Gambling45 cited
  • 2013Risking Other People's Money: Gambling, Limited Liability, and Optimal Incentives43 cited
  • 2002Incentives for effective risk management43 cited
  • 2000Empire building by corporate managers:40 cited
  • 2020Optimal contracts with a risk‐taking agent

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40 cited
  • 2011Do Managers with Limited Liability Take More Risky Decisions? An Information Acquisition Model38 cited
  • 2020Robust Contract Designs: Linear Contracts and Moral Hazard37 cited
  • 2010Overconfidence and delegated portfolio management36 cited
  • 2011Financial Contracting Under Imperfect Enforcement34 cited
  • 2008A Case for Percentage Commission Contracts: The Impact of a “Race” Among Agents32 cited