Marginal productivity reward: A new justification

Type/nr A64/04
Skrevet av Alexander W. Cappelen and Bertil Tungodden
Marginal productivity reward has been justified either as a way of ensuring efficiency or of respecting people’s self-ownership. Both these arguments have their limitations. In this paper we present a new and more general justification of marginal productivity reward that avoids the limitations of the traditional arguments.
Språk Skrevet på engelsk