NBER Working Paper No. 1917
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.
Document Object Identifier (DOI): 10.3386/w1917
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