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The Economic Psychology of Incentives A. Pepper

The Economic Psychology of Incentives By A. Pepper

The Economic Psychology of Incentives by A. Pepper

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Summary

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.

The Economic Psychology of Incentives Summary

The Economic Psychology of Incentives: New Design Principles for Executive Pay by A. Pepper

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.

About A. Pepper

Alexander Pepper is Professor of Management Practice in the Department of Management at the London School of Economics and Political Science, UK. He was previously a partner at Pricewaterhousecoopers, where he held various senior management roles, including Global Leader of the Human Resource Services consulting practice from 2002-2006.

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

Additional information

NPB9781137409232
9781137409232
1137409231
The Economic Psychology of Incentives: New Design Principles for Executive Pay by A. Pepper
A. Pepper
New
Hardback
Palgrave Macmillan
2015-07-08
181
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
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