Market Incentives and Work Incentives: The Question of Flexible Production
分析需求弹性如何影响竞争性企业的生产，这些企业面临共同的生产率波动。研究发现，对于单人所有者企业，最优策略是适应需求与生产率条件；对于委托代理企业，西蒙的雇佣关系是最优的，而锦标赛、计件工资、配额和利润分享方案则不是。
The authors analyze the effects of demand elasticities on production where competitive firms confront common productivity variations. Firms with single worker-owners respond optimally to demand and productivity conditions. For principal-agent firms, Simon's employment relation is optimal, while tournaments, piece rates, quotas, and profit-sharing schemes are not. Copyright 1991 by Economics Department of the University of Pennsylvania and the Osaka University Institute of Social and Economic Research Association.