DocumentCode
2970150
Title
Research on Incentive Mechanism Based on Inter-Temporal Choice Theory
Author
Lu Yang ; Zhuang Xintian
Author_Institution
Sch. of Bus. Adm., Northeastern Univ., Shenyang, China
fYear
2011
fDate
12-14 Aug. 2011
Firstpage
1
Lastpage
4
Abstract
Traditional incentive theory is built on the assumption of rational agents. In this paper, inter-temporal choice theory is introduced to reflect time preference of agents while they make decisions. For agents with dynamic inconsistency, dynamic gaming models are established under performance incentive and stock option incentive mechanisms. The results are different comparing to those of traditional incentive theory and provide a more realistic approach to study employment contract.
Keywords
employment; game theory; incentive schemes; stock markets; dynamic gaming models; employment contract; incentive mechanism; intertemporal choice theory; rational agents; stock option; Biological system modeling; Economics; Integrated circuits; Mathematical model; Production; Remuneration;
fLanguage
English
Publisher
ieee
Conference_Titel
Management and Service Science (MASS), 2011 International Conference on
Conference_Location
Wuhan
Print_ISBN
978-1-4244-6579-8
Type
conf
DOI
10.1109/ICMSS.2011.5998546
Filename
5998546
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