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Student
Title
Supervisor
Faculty
Educational Programme
Final Grade
Year of Graduation
Vitalij Titov
Incentive schemes under O-Ring production functions
Bachelor’s programme
10
2014
This paper studies the optimal incentive schemes under O-ring production functions, introduced firstly by Kremer. We investigate how presence of endogenous efforts, their observability, minimal effort requirement and number of agents influence the incentive schemes under moral hazard in teams. We also birefly discuss how the model might explain the motivation systems present in management consulting industry.

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