Concept information
Preferred term
incentive compatibility
Definition
- Incentive compatibility means that the interests of two or more individuals are aligned; in contrast, when interests are not aligned, the incentives governing behavior are said to be incompatible. From an organizational perspective, incentive compatibility means that the incentives that motivate individual members in their actions are consistent with the organization's goals. [Source: Encyclopedia of Business Ethics and Society; Incentive Compatibility]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/incentive_compatibility
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