English, Article, Journal or magazine article edition: Limited Liability and the Trade-off between Risk and Incentives Matthias Kräkel

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Bookmark: http://trove.nla.gov.au/version/52856
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Limited Liability and the Trade-off between Risk and Incentives
Author
  • Matthias Kräkel
Physical Description
  • preprint
Notes
  • Several empirical findings have challenged the traditional trade-off between risk and incentives. By combining risk aversion and limited liability in a standard principal-agent model the empirical puzzle on the positive relationship between risk and incentives can be explained.
  • limited liability, piece rates, risk aversion, risk-incentives trade-off
  • RePEc:trf:wpaper:201
  • RePEc:bon:bonedp:bgse3_2007
Language
  • English
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