Long -Term Agency Relationships and Human Capital Investment
type: CreativeWork
description: The second part looks into situations where agents working in a team environment. The contract offers agents with a possibility of promotional prize, a fraction of an agent's own output and a share scheme of the firm's total output. Agents may allocate efforts into working on his own task assignments, helping team members and improving his own skills. We examine the decision making from agents' point of view within both short term and long term settings. Results of the models show that by adjusting the parameters of the contract, principal can affect agent's decision on their efforts allocation. Although the effects of agent's sharing of the outputs work similarly in different setting, the promotion prize may have completely different effects on the agent's decision.
abstract: The second part looks into situations where agents working in a team environment. The contract offers agents with a possibility of promotional prize, a fraction of an agent's own output and a share scheme of the firm's total output. Agents may allocate efforts into working on his own task assignments, helping team members and improving his own skills. We examine the decision making from agents' point of view within both short term and long term settings. Results of the models show that by adjusting the parameters of the contract, principal can affect agent's decision on their efforts allocation. Although the effects of agent's sharing of the outputs work similarly in different setting, the promotion prize may have completely different effects on the agent's decision.
author: Ma, Sufeng
language: eng
keywords: Economics, Labor
date published: 2015-09-25T22:21:54Z
date modified: 2026-07-22T22:26:23Z
provider: University of Illinois - Urbana-Champaign
publisher: Networked Digital Library of Theses and Dissertations
type: WebPage
source organization: University of Illinois at Urbana-Champaign

PropertyValue
property ID: Handle
value: http://hdl.handle.net/2142/84615