# 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

Posners (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.

Posners (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 03 Faculty of Economics > Department of Economics 330 Economics English 2010 03 Feb 2011 11:37 05 Apr 2016 14:42 Cambridge University Press 1744-1374 https://doi.org/10.1017/S1744137409990166
Permanent URL: https://doi.org/10.5167/uzh-44420

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