Peer Pressure and Incentives
Peer Pressure and Incentives
复制标题
同侪压力和激励
DOI:
10.1111/j.0307-3378.2006.00233.x
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发表时间:
2006
期刊:
影响因子:
--
通讯作者:
Kohei Daido
中科院分区:
文献类型:
--
作者:
Kohei Daido
We study the effects of peer pressure on incentives. To this end, we extend a multiagent model with moral hazard and limited liability by introducing a peer pressure function. We show that the optimal incentive for the less productive agent is more high powered than that for the more productive agent in the case with peer pressure. Moreover, in comparison with the case without peer pressure, the optimal incentive for the less productive agent becomes more high powered, while the optimal incentive for the more productive agent becomes less high powered.