The Economic Psychology of Incentives: New Design Principles for Executive Pay
A. Pepper - The Economic Psychology of Incentives: New Design Principles for Executive Pay
Published: 2014-01-14 | ISBN: 1349681423, 1137409231 | PDF | 181 pages | 1.96 MB
This book proposes a revised theory of agency, drawing on ideas from behavioural economics and built on more robust assumptions about human behaviour than the standard principal-agent model. The book proposes new design principles for executive pay, but also explains the difficulties in changing current executive pay practices.