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Effects of Technology on Incentive Design of Share Contracts

✍ Scribed by Priyanka Pandey


Book ID
125668859
Publisher
American Economic Association
Year
2004
Tongue
English
Weight
518 KB
Volume
94
Category
Article
ISSN
0002-8282

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Financial incentives in contracts can impact contractor's focus on safety. To elaborate on this issue the relationship between an oil company and a drilling contractor is used. We analyse how an operator influences the actions of a drilling contractor with the aid of financial and other incentives,