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Performance Incentives within Firms: The Effect of Managerial Responsibility

✍ Scribed by Rajesh K. Aggarwal; Andrew A. Samwick

Book ID
110693221
Publisher
John Wiley and Sons
Year
2003
Tongue
English
Weight
282 KB
Volume
58
Category
Article
ISSN
0022-1082

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## Abstract A mixed duopoly setting is examined where a private non‐profit firm (NPO) competes with a private profit‐maximizer. The NPO's stakeholders select a contract for their managers. A novel NPO objective function is utilized which takes into account all the likely returns to the NPO's stakeh