组织的经济学与管理学（英文）ch06_Hidden_action_problem教材教学课件.pptVIP

Chapter 6 Hidden action problem George Hendrikse;Incentives;Figure 6.1: Decision order and complete information;The principal values a good result (p=30) more than a bad result (p=10), whereas the agent rather delivers a low effort (e=0) than a high effort (e=1). ;The conflict of interests expresses itself in the fact that an increase in e, which is unattractive for the agent, means that p=30 becomes more likely, which is attractive for the principal. ;This conflict of interest contrast may result in non acceptance of the contract by the agent, even though executing the transaction would crea