Hedonic prices and multidimensional incentives

Material type: 文書・図像類

Author: Nakabayashi, Masaki

Publisher: Graduate School of Economics and Osaka School of International Public Policy (OSIPP), Osaka University

Publication date: 2006-05

Material Format: Paper

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Note (General)：: * Revised: [05-32, 2005]* Revised: Hedonic prices and multitask incentives[05-32Rev., 2006]Human tasks are often multidimensional. Holmstrom and Milgr...

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Paper

Material Type: 文書・図像類
Title: Hedonic prices and multidimensional incentives
Author/Editor: Nakabayashi, Masaki
Author Heading: Nakabayashi, Masaki
https://nrid.nii.ac.jp/nrid/1000060302676
Publication, Distribution, etc.: Graduate School of Economics and Osaka School of International Public Policy (OSIPP), Osaka University
Publication Date: 2006-05
Publication Date (W3CDTF): 2006-05
Alternative Title: Hedonic prices and multitask incentives
Periodical title: Discussion Papers In Economics And Business
No. or year of volume/issue: 05-32-Rev.2
Volume: 05-32-Rev.2
Text Language Code: eng
Subject Heading: multidimensional incentives
multitask incentives
high-powered incentives
hedonic prices
Japanese manufacturing
Target Audience: 一般
Note (General): * Revised: [05-32, 2005]
* Revised: Hedonic prices and multitask incentives[05-32Rev., 2006]
Human tasks are often multidimensional. Holmstrom and Milgrom (1991) concludedthat “high-powered" incentives cannot work unless all dimensions of these tasks are observablein the firm. However, as this study shows, if the firm can observe the price vectorof its products in the market, distinguish each dimension of the price vector, and connectthe information with signals from workers in the firm, then the use of multidimensional“high-powered" incentives becomes feasible. Product differentiation with committed qualitysatisfies those conditions, which has been practiced by the Japanese, but not by theWestern, manufacturing for a century.
References (URI): http://www2.econ.osaka-u.ac.jp/library/global/dp/0532R2.pdf
URI
http://www2.econ.osaka-u.ac.jp/library/global/dp/0532R2.pdf
Data Provider (Database): 国立情報学研究所 : 学術機関リポジトリデータベース（IRDB）（機関リポジトリ）
https://irdb.nii.ac.jp
Original Data Provider (Database): 大阪大学 : 大阪大学学術情報庫　桜華