Performance-Related Pay: The Good, The Bad and the Ugly?

Research output: Non-textual formWebsite, Blog, Social Media


Economists oversimplify the ‘real world’. I teach my students about the concept of ‘ceteris paribus’ – the idea that when looking at an economic relationship, we assume all other things equal. While useful in thinking about economic models, it does not help much in modelling ‘real world’ complexity. This, then, has led many economists to worry about unintended consequences of policies that are designed to do one thing but do other things too.
Original languageEnglish
PublisherUniversity of Aberdeen: Business School
Media of outputOnline
Publication statusPublished - 17 Apr 2019


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