Hedonic prices and multidimensional incentives

Nakabayashi, Masaki

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タイトル	Hedonic prices and multidimensional incentives
別タイトル	Hedonic prices and multitask incentives
著者	NRID 1000060302676 1000060302676 著者名 Nakabayashi, Masaki
キーワード等	multidimensional incentives
	multitask incentives
	high-powered incentives
	hedonic prices
	Japanese manufacturing
内容	* Revised: [05-32, 2005]
内容	* Revised: Hedonic prices and multitask incentives[05-32Rev., 2006]
抄録	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.
出版者	Graduate School of Economics and Osaka School of International Public Policy (OSIPP), Osaka University
収録物名	Discussion Papers In Economics And Business
巻(号)	05-32-Rev.2
刊行年月	2006-05
言語	英語
ハンドルURL	https://hdl.handle.net/11094/13295
NCID	AA1160366X
関連情報 (references)	URI http://www2.econ.osaka-u.ac.jp/library/global/dp/0532R2.pdf
アクセス権	metadata only access
カテゴリ	ディスカッション／ワーキング・ペーパー DP/WP
カテゴリ	Discussion Papers In Economics And Business
最終更新日	2006-03
最終更新日	2006-05

資源タイプ	テクニカルレポート
ローカル資源タイプ	ディスカッション／ワーキング・ペーパー
DCMI資源タイプ	text
DCTERMS.bibliographicCitation	Discussion Papers In Economics And Business.05-32-Rev.2
DC.title	Hedonic prices and multidimensional incentives
DCTERMS.alternative	Hedonic prices and multitask incentives
DC.creator	Nakabayashi, Masaki
DC.publisher	Graduate School of Economics and Osaka School of International Public Policy (OSIPP), Osaka University
DC.language' scheme='DCTERMS.RFC1766	英語
DC.type' scheme='DCTERMS.DCMIType	text
DCTERMS.issued' scheme='DCTERMS.W3CDTF	2006-05
DC.relation' scheme='DCTERMS.URI	http://www2.econ.osaka-u.ac.jp/library/global/dp/0532R2.pdf
DC.subject	multidimensional incentives
	multitask incentives
	high-powered incentives
	hedonic prices
	Japanese manufacturing
DC.description	* Revised: [05-32, 2005]
DC.description	* Revised: Hedonic prices and multitask incentives[05-32Rev., 2006]
DCTERMS.abstract	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.
citation_title	Hedonic prices and multidimensional incentives
citation_author	Nakabayashi, Masaki
citation_publisher	Graduate School of Economics and Osaka School of International Public Policy (OSIPP), Osaka University
citation_language	英語
citation_date	2006-05
citation_journal_title	Discussion Papers In Economics And Business
citation_volume	05-32-Rev.2
citation_public_url	https://hdl.handle.net/11094/13295
citation_abstract_html_url	http://www2.econ.osaka-u.ac.jp/library/global/dp/0532R2.pdf

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