The Agent-Agents Problem: Payment by Relative Output
研究雇主与雇员共同努力决定最终产出时企业的激励问题,发现最优奖励函数通常需要根据员工相对于同事的表现来支付报酬,与Lazear和Rosen的排名锦标赛文献相关。
This paper begins an investigation into the incentive problems at a firm when the effort of the employer and the employees combines to determine final output. The major conclusion is that optimal reward functions in this circumstance will in general value the performance of a worker relative to that of his peers. The paper thus joins a growing literature associated with the work of Lazear and Rosen on rank-order tournaments.