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A Review of Researches on Team Incentives in Economics
YI Ding-hong, PENG Peng
Teaching and Research
2006, (11):
80-86.
The paper presents a systematic review of the development trends and major ideas of the team incentive theory since the 1980s.The authors divide the existing literature into two categories according to the varying theories and duration of the teams,and then discuss the two branches respectively.One branch deals with optimal incentive mechanism design in the short run,and the other covers the repetition of the agency game in the long run.At the end of the paper,major contributions of the team incentive theories are summarized,their limitations are pointed out,and future research in this area is discussed.
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