However, when supplied incentives the information correlated a spike in performance as a direct result. Furthermore, the research provided a conclusive remark that intrinsic motivation could be elevated by utilising the use of non-monetary compensations that present acknowledgement for the agent. These greater rewards, can present a principal with the enough methodologies to improve the hassle inputs of the agent when wanting on the principal agent concept by way of an employer vs employee level of conduct. In economic concept, the principal-agent strategy is a part of the field contract theory. In agency principle, it is usually assumed that full contracts may be written, an assumption also made in mechanism design concept.
- Various mechanisms could also be used to align the interests of the agent with these of the principal.
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- A main drawback with tournaments is that