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Superb Posner – but can we go further?


Frey, Bruno S (2010). Superb Posner – but can we go further? Journal of Institutional Economics, 6(01):65-69.

Abstract

Posner`s (2010) analysis offers many exciting insights into the principal-agent problem, particularly with respect to the secret service. I argue that it would be useful to consider a broader model of human behaviour, which includes awards as extrinsic incentives beyond pay, as well as intrinsic motivation. A more comparative stance that goes beyond the United States would be a useful check of how general the results are. Scholars should not forget that while the US is the dominant economy today, there are 195 nations in the world that offer many fascinating institutional variations, which are useful to take into account.

Posner`s (2010) analysis offers many exciting insights into the principal-agent problem, particularly with respect to the secret service. I argue that it would be useful to consider a broader model of human behaviour, which includes awards as extrinsic incentives beyond pay, as well as intrinsic motivation. A more comparative stance that goes beyond the United States would be a useful check of how general the results are. Scholars should not forget that while the US is the dominant economy today, there are 195 nations in the world that offer many fascinating institutional variations, which are useful to take into account.

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Additional indexing

Item Type:Journal Article, refereed, original work
Communities & Collections:03 Faculty of Economics > Department of Economics
Dewey Decimal Classification:330 Economics
Language:English
Date:2010
Deposited On:03 Feb 2011 11:37
Last Modified:05 Apr 2016 14:42
Publisher:Cambridge University Press
ISSN:1744-1374
Publisher DOI:https://doi.org/10.1017/S1744137409990166
Permanent URL: https://doi.org/10.5167/uzh-44420

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