Incentive Contracts

Edward P. Lazear

NBER Working Paper No. 1917
Issued in May 1986
NBER Program(s):   LS

Labor relations involve incentive problems. The market solves these problems by developing a variety of institutions. This paper describes and assesses the various forms of incentive contracts.

(141 K)

Published: The New Palgrave: A Dictionary of Economics. vol.2,pp. 744-748, ed. John Eatwell, Murray Milgate and Peter Newman. The Macmillan Press Limited London, 1987

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