The Economic Psychology of Incentives
New Design Principles for Executive Pay| By: | A. Pepper |
| Publisher: | Springer Nature |
| Print ISBN: | 9781349681426 |
| eText ISBN: | 9781137409256 |
| Edition: | 0 |
| Copyright: | 2015 |
| Format: | Reflowable |
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This book proposes a revised theory of agency, drawing on ideas from behavioural economics and built on more robust assumptions about human behaviour than the standard principal-agent model. The book proposes new design principles for executive pay, but also explains the difficulties in changing current executive pay practices.