Risk-incentives trade-off and outside options

DOI10.1007/S00291-012-0309-0MaRDI QIDQ2454340zbMATH OpenOpenAlexFDO

Authors Ying-Ju Chen

Publication date 13 June 2014

Published in OR Spectrum (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1007/s00291-012-0309-0

zbMATH Keywords

compensationgame theorymechanism designrisk-incentives trade-off

Mathematics Subject Classification ID

Auctions, bargaining, bidding and selling, and other market models (91B26)

Recommendations

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Cites work

• Aggregation and Linearity in the Provision of Intertemporal Incentives
• Incentives and performance in the presence of wealth effects and endogenous risk
• On countervailing incentives
• Screening risk-averse agents under moral hazard: single-crossing and the CARA case
• The risk and incentives trade-off in the presence of heterogeneous managers

Cited in

(7)

• Impacts of risk attitude and outside option on compensation contracts under different information structures
• The impacts of private risk aversion magnitude and moral hazard in R\&D project under uncertain environment
• Managerial compensation and research and development investment in a two-period agency setting
• An experimental investigation of the `tenuous trade-off' between risk and incentives in organizations
• Investments as signals of outside options
• Risk, uncertainty, and option exercise
• Limited liability and the risk-incentive relationship

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