An optimal incentive scheme for planning with targets |
| |
Authors: | Pamela Clark Brown Jeffrey B Miller James R Thornton |
| |
Abstract: | In socialist economies incentive schemes that contain targets are useful to planners since planners must allocate output to various users. We use a principal-agent model to show that under certain circumstances a first-best Pareto-optimal incentive scheme containing a target exists. |
| |
Keywords: | |
本文献已被 ScienceDirect 等数据库收录! |