| Article ID: | iaor199724 |
| Country: | Netherlands |
| Volume: | 69 |
| Issue: | 2 |
| Start Page Number: | 143 |
| End Page Number: | 153 |
| Publication Date: | Sep 1993 |
| Journal: | European Journal of Operational Research |
| Authors: | Hartmann-Wendels Thomas |
| Keywords: | incentives |
The problem of designing optimal incentive schemes arises if information is asymmetrically distributed among individuals. The existence and the welfare properties of optimal incentive schemes are discussed for cases where the information asymmetry refers either to the quality of a product or to the behavior of an individual.