Performance-Related Pay: The Good, The Bad and the Ugly?
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,…
Published by Business School, University of Aberdeen