Piece-Rate Incentive Schemes
Piece-Rate Incentive Schemes
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DOI:
10.1086/298155
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发表时间:
1987-10
影响因子:
3.8
通讯作者:
R. Gibbons
中科院分区:
文献类型:
--
作者:
R. Gibbons
This paper uses recent results from incentive theory to study heretofore informal critiques of piece-rate compensation schemes. The informal critiques are based on the history of failed attempts to install piece-rate compensation schemes at the turn of the century. The formal analysis emphasizes the importance of information and commitment in contracting. The main result is as follows. In a work environment characterized by hidden information and a hidden action, if neither the firm nor the worker can commit to future behavior, then no compensation scheme, piece-rate or otherwise, can induce the worker not to restrict output.