Question
Optimal Risk and Optimal Incentives What gives rise to the need to think about incentives and risks? Explain what is meant by optimal risk and
- Optimal Risk and Optimal Incentives
What gives rise to the need to think about incentives and risks? Explain what is meant by optimal risk and optimal incentives, and why it is difficult to balance these elements in writing contracts. What is an effective compensation plan?
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The Economics of Public Issues
Authors: Roger LeRoy Miller, Daniel K. Benjamin, Douglass C. North
19th edition
134018974, 134018973, 9780134020532 , 978-0134018973
