The economic psychology of incentives : new design principles for executive pay

Author(s)

• Pepper, Alexander

Bibliographic Information

The economic psychology of incentives : new design principles for executive pay

Alexander Pepper

Palgrave Macmillan, 2015

Note

Includes bibliographical references (p. 160-172) and indexes

Description and Table of Contents

Description

This book proposes a revised theory of agency, drawing on ideas from behavioural economics and built on more robust assumptions about human behaviour than the standard principal-agent model. The book proposes new design principles for executive pay, but also explains the difficulties in changing current executive pay practices.

Table of Contents

1. Introduction 2. Long-term incentive plans 3. Behavioural agency theory 4. Risk, uncertainty and time discounting 5. Intrinsic motivation and the crowding-out conjecture 6. Fairness as a precondition for profit-seeking 7. New design principles for executive pay

by "Nielsen BookData"

Details

• NCID: BB1945074X
• ISBN:
  • 9781137409232
• Country Code: uk
• Title Language Code: eng
• Text Language Code: eng
• Place of Publication: Basingstoke Hampshire
• Pages/Volumes: x, 181 p.
• Size: 23 cm
• Classification:
  • LCC : HD4928.B6
  • DC23 : 658.4/073225
• Subject Headings:
  • LCSH : Bonuses (Employee fringe benefits)
  • LCSH : Executives -- Salaries, etc
  • LCSH : Executives -- Psychology
  • LCSH : Incentive awards -- Psychological aspects
  • LCSH : Employee motivation