Issue 1, 2012

Zenkevich N. A., Katkalo V. S., Klemina T. N., Medvedev A. G. Evolution of Incentive Contracts Modeling with Companies CEOs.

In the article the problem of CEO incentive to achieve effective company’s output is investigated. The investigation is a theoretical framework to construct an uncentive contract model. For this purpose we analyze evolution of incentive contracts modeling in historical retprospective. The problem of constructing a theoretical incentive contract model is illustrated by the model of double-rate contract. Theoretical algorithms are tested on the numerical examples. Keywords: Agency Problem, Top-Management, Incentive Contract, Reward, Modelling.

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