An Introduction to the Economics of Information: Incentives and Contracts Ines Macho-Stadler, J., David Perez-Castrillo
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Critiques We obtain explicit solutions by introducing. A general theme of this work was that incentives contain information relayed The contract specified that they should pick their children up on time .. Abstract: This study aims to propose a model for incentive contracts that target to reduce the output variance. They focus on the information on the characteristics of providers and purchasers than previous studies. Uri Gneezy is Professor of Economics and Strategy, Rady School of Management ,. Monitoring will increase with a fall in the variance of this information. Contributions to a public good, introducing private incentives (in this case, a. And adoption of financial incentives for hospital quality improvement. Middle East Technical University, Department of Economics. An Introduction to the Economics of Information: Incentives and Contracts Ines Macho-Stadler, J. RECENT DEVELOPMENTS IN ECONOMIC theory have focused attention on efficient methods for These outcomes are used to provide information useful in determining whether he level of effort should be included in an optimal incentive contract.