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Sales Maximization and Spesific Human Capital
Oleh:
Zabojnik, Jan
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
The Rand Journal of Economics vol. 29 no. 4 (1998)
,
page 790-802.
Topik:
SALES
;
sales maximation
;
human capital
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
RR10.2
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
Profit-maximizing owners of firms may find it optimal to provide managers with incentives to maximize sales in addition to profits. This influences the outcome of the bargaining game between workers and managers over workers' wages and helps to solve the problem of underinvestment by workers in specific human capital. Investigate optimal managerial contracts from this point of view and show that the optimal contract is a function of sales in addition to profits.
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