Regulation of Quality and the Ratchet Effect: Does Unverifiability Hurt the Regulator?

Multitask Principal–Agent Analyses: Incentive Contracts, Asset Ownership, and Job Design

Bengt Holmström, Paul Milgrom · The Journal of Law Economics and Organization · 1991 · 6.1K citations

Business, Business Economics, Economics +14

Incentive Contracts and Performance Measurement

George P. Baker · Journal of Political Economy · 1992 · 1.1K citations

Business, Business Economics, Contract Law +17

The Dynamics of Incentive Contracts

Jean‐Jacques Laffont, Jean Tirole · Econometrica · 1988 · 691 citations

Business, Business Economics, Economics +17

Planning under Incomplete Information and the Ratchet Effect

Xavier Freixas, Roger Guesnerie, Jean Tirole · The Review of Economic Studies · 1985 · 525 citations

Business, Business Economics, Economics +17

Comparative statics of the optimal dynamic incentive contract

Jean Jacques Laffont, Jean Tirole · European Economic Review · 1987 · 99 citations

Business, Business Economics, Economics +14