The paper emphasizes the use of accounting data in regulatory or procurement contracts
when the supplier (1) has superior information about the cost of the project and (2) invests in …

Some workers receive compensation that is specified in advance and not directly contingent
on performance. Instead, it depends on an input measure, such as hours worked. For others …

A number of behavioral studies have attempted to determine the kinds of influences
participative budgeting has on such aspects as a subordinate's job satisfaction and job …

Central planning of production is usually performed under asymmetric information which
leads to use of an incentive scheme. As the planner revises the scheme over time to take …

In recent years Neoclassical economists have begun to turn their attention to issues of firm
organization, stimulated in large part by methodological advances in the economics of …

In this paper, we use unique data on China's listed firms from 1998 to 2002 to show that
CEO turnover is significantly and inversely related to firm performance, although the …

This article provides evidence on how executive compensation relates to firm performance
in firms listed in the Shanghai and Shenzhen Stock Exchanges in China. Using …

Democratic Economic Planning presents a concrete proposal for how to organize, carry out,
and integrate comprehensive annual economic planning, investment planning, and long-run …

Publisher Summary A resource-allocation mechanism is viewed as a gigantic information
processing system. Such a system utilizes the knowledge dispersed among economic …

The dissertation examines contractual schemes for eliciting information about an uncertain
outcome. Such information is requested regularly in the course of central planning …