Paul Walker • Jul 14, 2015 •
New Zealand Economic Papers has some interesting papers due to appear in future issues.From complete to incomplete (contracts): A survey of the mainstream approach to the theory of privatisation.AbstractPrivatisation is a common, yet controversial, pol... Read More
Paul Walker • Mar 09, 2014 •
Peter Klein at the Organizations and Markets blog points us to a paper which looked at an Indian tea plantation that changed its employment contract in such a way as to weaken the pay-for-performance incentives and found a substantial increase in output ... at least in the beginning.In the one month following the contract … Read More
Paul Walker • Dec 08, 2013 •
One of the most obvious problems in any employment relationship is moral hazard. What the boss wants workers to do and what the workers actually do can be two very different things. Two of the most common methods firms utilise to try to deal with this ... Read More