Incentives and Discrimination
Incentives and Discrimination
复制标题
DOI:
10.1257/0002828041464434
复制
发表时间:
2004-05
期刊:
影响因子:
--
通讯作者:
Eyal Winter
中科院分区:
文献类型:
--
作者:
Eyal Winter
Optimal incentive mechanisms may require that agents are rewarded differentially even when they are completely identical and are induced to act the same. We demonstrate this point by means of a simple incentive model where agents’ decisions about effort exertion is mapped into a probability that the project will succeed. We give necessary and sufficient conditions for optimal incentive mechanisms to be discriminatory. We also show that full discrimination across all agents is required if and only if the technology has increasing return to scale. In the non-symmetric framework we show that negligible differences in agents’ attributes may result in major differences in rewards in the unique optimal mechanism.