This dissertation is an investigation into the relationship between the way in which factors of production are rewarded and the nature of the firm. A model of rewards is developed embodying risk and measurement costs. The problem of rewards to decision-makers under uncertainty is also addressed and a model of an efficient reward scheme is presented. Finally, the question of the incentive effects, both in terms of work effort and efficient decision-making, and the probability distribution of such events as promotions and dismissals is examined. The analysis employed is both discursive and mathematical.
","abstract_html":"<p>This dissertation is an investigation into the relationship between the way in which factors of production are rewarded and the nature of the firm. A model of rewards is developed embodying risk and measurement costs. The problem of rewards to decision-makers under uncertainty is also addressed and a model of an efficient reward scheme is presented. Finally, the question of the incentive effects, both in terms of work effort and efficient decision-making, and the probability distribution of such events as promotions and dismissals is examined. The analysis employed is both discursive and mathematical.</p>","abstract_has_math":false,"creators":["Cohen, Lloyd R."],"institution":null,"degree_name":"Doctor of Philosophy (PhD)","degree_level":"Dissertation","degree_discipline":"Economics","degree_department":null,"school":null,"contributors":["E. Odgers Olsen","Alfred B. Carlip","Kenneth V. Greene"],"advisors":[],"committee_chairs":[],"committee_members":[],"year":1975,"date_issued":"1975-01-01T08:00:00Z","date_published":"1975-01-01T08:00:00Z","updated_at":"2026-07-24T01:10:28Z","subjects":["Incentives in industry","Mathematical models"],"languages":[],"rights":[],"rights_urls":[],"identifier_entries":[]},"links":{"outbound_url":"https://orb.binghamton.edu/dissertation_and_theses/270","outbound_label":"Repository record","outbound_source":"dc:identifier"},"metadata_groups":[{"id":"people","label":"People","entries":[{"key":"dc:contributor","label":"Contributor","values":["E. Odgers Olsen","Alfred B. Carlip","Kenneth V. Greene"]},{"key":"dc:creator","label":"Author","values":["Cohen, Lloyd R."]}]},{"id":"academic_context","label":"Academic Context","entries":[{"key":"thesis:degree_discipline","label":"Discipline","values":["Economics"]},{"key":"thesis:degree_level","label":"Degree Level","values":["Dissertation"]},{"key":"thesis:degree_name","label":"Degree Name","values":["Doctor of Philosophy (PhD)"]}]},{"id":"subjects_keywords","label":"Subjects and Keywords","entries":[{"key":"dc:subject","label":"Dc Subject","values":["Incentives in industry","Mathematical models"]}]},{"id":"identifiers","label":"Identifiers","entries":[{"key":"dc:identifier","label":"Identifier","values":["https://orb.binghamton.edu/dissertation_and_theses/270"]}]},{"id":"additional","label":"Additional Metadata","entries":[{"key":"dc:description.abstract","label":"Abstract","values":["This dissertation is an investigation into the relationship between the way in which factors of production are rewarded and the nature of the firm. A model of rewards is developed embodying risk and measurement costs. The problem of rewards to decision-makers under uncertainty is also addressed and a model of an efficient reward scheme is presented. Finally, the question of the incentive effects, both in terms of work effort and efficient decision-making, and the probability distribution of such events as promotions and dismissals is examined. The analysis employed is both discursive and mathematical.
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