Incentives and performance in the presence of wealth effects and endogenous risk

DOI10.1016/J.JET.2004.07.010MaRDI QIDQ2496785zbMATH OpenOpenAlexFDO

Authors Ming Guo, Hui Ou-Yang

Publication date 20 July 2006

Published in Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.jet.2004.07.010

zbMATH Keywords

wealth effectsagency theoryendogenous riskincentives and performance

Mathematics Subject Classification ID

Recommendations

• Wealth effects in the principal agent model
• Optimal incentives in a principal-agent model with endogenous technology
• Wealth effects and agency costs
• On the Role of Uncertainty in the Risk-Incentives Tradeoff
• Incentive contracting with hidden choices of effort and risk

Cites work

• Aggregation and Linearity in the Provision of Intertemporal Incentives
• An Analysis of the Principal-Agent Problem
• Capital market equilibrium with moral hazard
• Discrete-Time Approximations of the Holmstrom-Milgrom Brownian-Motion Model of Intertemporal Incentive Provision
• Optimal incentive contracts with imperfect information
• The first-order approach to the continuous-time principal-agent problem with exponential utility
• The pricing of options and corporate liabilities

Cited in

(9)

• Risk-incentives trade-off and outside options
• Goal setting in the principal-agent model: weak incentives for strong performance
• Moral hazard in innovation: the relationship between risk aversion and performance pay
• Shirking and ``choking under incentive-based pressure: A behavioral economic theory of performance production
• Optimal incentives in a principal-agent model with endogenous technology
• On managerial risk-taking incentives when compensation may be hedged against
• Correlation neglect, incentives, and welfare
• The risk and incentives trade-off in the presence of heterogeneous managers
• Wealth effects and agency costs

This page was built for publication: Incentives and performance in the presence of wealth effects and endogenous risk

Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q2496785)