On the choice of incentives in firms

Article Abstract:

Various individual incentives such as piece-rates, bonus pay and threat of dismissal for shirking have been applied to industrial settings to promote industrial productivity. However, such incentives have hindered cooperation and teamwork development. Measurement of these incentive effects generate a selection bias problem. This problem can be corrected for situations where profit sharing is accompanied by positive effects.

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Some general equilibrium aspects of a labor-managed economy with monopoly elements

Article Abstract:

The general equilibrium allocations of a labor-managed economy with monopoly features were characterized and compared to a profit-maximizing economy. The structure of the industry and its welfare performance were used as the parameters in the examination. The utility of general equilibrium specifications in dealing with the long run equilibrium in the economy with monopoly rents was demonstrated.

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Dynamic consistency in incentive planning with a material input

Article Abstract:

A study investigates the incentive compatible dynamic problem, giving as an example the late Soviet economy.

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