RESEARCH

Finding answers to relevant questions

Faculty at FLAME University enjoys enormous opportunities and avenues for cutting-edge research in their respective areas of specialization strengthening the vision, awareness and synergy of the inter-disciplinary approach of education.

Excellence achieved through this research, in turn, creates new learning and further enriches the diversity of knowledge by synthesizing and integrating insights from a range of disciplines. This unique academic cooperation between multiple disciplines does transcend the boundaries of disciplines, and results in an insightful and consequential research output. This process of creating synergy between excellence and diversity - a dynamic motion that advances academic learning through constant interconnectivity - is the basic driving force that refines education and research at the University.

Publications


journal
 SCOPUS® | Q2

journal
 UGC-CARE

This paper characterizes the structure of monetary incentives with varying agent incentive-consciousness. Incentive consciousness arises when the valuation of incentive among agents differs with situations. Using a moral hazard framework with limited liability we show that for agents with low outside option optimal incentive pay is independent of incentive-consciousness whereas for agents with high outside option increased incentive-consciousness leads to increased incentive payment. For agents with very high incentive-consciousness such that the limited liability does not bind, an exogenous increase in incentive-consciousness leads to an unambiguous decrease in optimal incentive payment. Thus, the paper provides a non-monotonic relation between incentive consciousness and optimal incentive pay. With incentive-consciousness, inefficiency in the effort will exist with risk-neutral principal and agent even in the absence of limited liability. This runs contrary to standard incentive theory.

book
 Award Winner

chapter
 Oxford

conference
 A

journal
 ABDC : A | SCOPUS® Q1

journal
 ABDC C | SCOPUS® Q4

journal
 SCOPUS®