Compensation and Productive Efficiency in Partnerships: Evidence from Medical Groups Practice
通过最大似然生产前沿估计方法，研究医疗团体实践中不同薪酬安排对生产效率的影响，发现激励确实会影响生产率。
In this paper, the authors develop and test a model of the effect of alternative compensation arrangements on productive efficiency in medical group practices. The technique employed is maximum likelihood production frontier estimation. The authors provide a simple behavioral model of the determination of productive efficiency and a new interpretation of the economic measure of technical efficiency. They derive a "behavioral production function" that relates production to individual responses to incentives, and they indicate that the impossibility of recovering the parameters of the production technology from observed behavior. Overall, the empirical results indicate that incentives do affect productivity. Copyright 1990 by University of Chicago Press.