Anmerkungen:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments January 28, 2023 erstellt
Beschreibung:
This paper considers a hidden action agency model in which an agent can be incentivized to simultaneously work and exert effort to invest in human capital or process innovation so as to increase productivity in a future period. We characterize the conditions under which the principal would and would not want to incentivize such multitasking, and the conditions under which the agent would want to participate. The firm's support is linked to the outside market, and a separate contingent payment for productivity increase is examined