Non-cash compensation with production externalities and agency problems related to an agent's consumption choice
This paper considers remuneration in terms of a good that helps improve or facilitate production in an agency paradigm. In the presence of this production externality, agency problems arise when the agent has an access to an external market for the good or has private, pre-contract information about...
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| Format: | Journal Article |
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Elsevier Ltd
2012
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| Online Access: | http://hdl.handle.net/20.500.11937/33686 |
| _version_ | 1848754016012468224 |
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| author | Adithipyangkul, Pattarin |
| author_facet | Adithipyangkul, Pattarin |
| author_sort | Adithipyangkul, Pattarin |
| building | Curtin Institutional Repository |
| collection | Online Access |
| description | This paper considers remuneration in terms of a good that helps improve or facilitate production in an agency paradigm. In the presence of this production externality, agency problems arise when the agent has an access to an external market for the good or has private, pre-contract information about the production environment. This paper characterises the optimal compensation packages in a variety of settings. The research findings explain various pay practices, such as payment in terms of reimbursement for a certain good and the selective payment of non-cash compensation. |
| first_indexed | 2025-11-14T08:33:42Z |
| format | Journal Article |
| id | curtin-20.500.11937-33686 |
| institution | Curtin University Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-14T08:33:42Z |
| publishDate | 2012 |
| publisher | Elsevier Ltd |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | curtin-20.500.11937-336862017-09-13T15:32:48Z Non-cash compensation with production externalities and agency problems related to an agent's consumption choice Adithipyangkul, Pattarin This paper considers remuneration in terms of a good that helps improve or facilitate production in an agency paradigm. In the presence of this production externality, agency problems arise when the agent has an access to an external market for the good or has private, pre-contract information about the production environment. This paper characterises the optimal compensation packages in a variety of settings. The research findings explain various pay practices, such as payment in terms of reimbursement for a certain good and the selective payment of non-cash compensation. 2012 Journal Article http://hdl.handle.net/20.500.11937/33686 10.1016/j.jcae.2012.07.001 Elsevier Ltd restricted |
| spellingShingle | Adithipyangkul, Pattarin Non-cash compensation with production externalities and agency problems related to an agent's consumption choice |
| title | Non-cash compensation with production externalities and agency problems related to an agent's consumption choice |
| title_full | Non-cash compensation with production externalities and agency problems related to an agent's consumption choice |
| title_fullStr | Non-cash compensation with production externalities and agency problems related to an agent's consumption choice |
| title_full_unstemmed | Non-cash compensation with production externalities and agency problems related to an agent's consumption choice |
| title_short | Non-cash compensation with production externalities and agency problems related to an agent's consumption choice |
| title_sort | non-cash compensation with production externalities and agency problems related to an agent's consumption choice |
| url | http://hdl.handle.net/20.500.11937/33686 |