Optimal employment contracts for managers, given revenue risk and unobservable output, consist of: a. a flat salary alon
Posted: Sun Jul 03, 2022 4:27 pm
Optimal employment contracts for managers, given revenuerisk and unobservable output, consist of:
a.
a flat salary alone.
b.
a flat salary plus some return to estimates ofeffort.
c.
only a profit share.
d.
a flat salary plus a profit share related onlyindirectly to individual effort.
e.
a flat salary plus a profit share that is equal to theshare accruing to owners.
a.
a flat salary alone.
b.
a flat salary plus some return to estimates ofeffort.
c.
only a profit share.
d.
a flat salary plus a profit share related onlyindirectly to individual effort.
e.
a flat salary plus a profit share that is equal to theshare accruing to owners.