Imperfect knowledge, decisionmaking and the firm: a theoretical investigation of efficient reward schemes

<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>

Name thesis:degree_name

Doctor of Philosophy (PhD)

Level thesis:degree_level

Dissertation

Discipline thesis:degree_discipline

Economics

Year

1975

Author dc:creator

• Cohen, Lloyd R.

Contributors dc:contributor

• E. Odgers Olsen
• Alfred B. Carlip
• Kenneth V. Greene

• Incentives in industry
• Mathematical models

Repository record dc:identifier

https://orb.binghamton.edu/dissertation_and_theses/270

OAI identifier oai:identifier

oai:orb.binghamton.edu:dissertation_and_theses-1276