--- title: "Meaning & Key Takeaway of: Holmstrom and P. Milgrom, “Multitask…" description: "\"“Holmstrom and P. Milgrom, “Multitask Principal-Agent Analyses: Incentive Contracts, Asset Ownership, and Job Design,” Journal of Law, Economics & Orga..." image: "https://sms4smile.com/quotes/i/70c/erik-brynjolfsson-9007_economics_holmstrom-and-p-milgrom-multitask-princi_1190681.jpg" --- # Holmstrom and P. Milgrom, “Multitask Principal-Agent… ![“Holmstrom and P. Milgrom, “Multitask Principal-Agent Analyses: Incentive Contracts, Asset Ownership, and Job Design,” Journal of Law, Economics & Organization 7, no. 24 (1991).” quote by Erik Brynjolfsson](https://sms4smile.com/quotes/i/70c/erik-brynjolfsson-9007_economics_holmstrom-and-p-milgrom-multitask-princi_1190681.jpg) [Download](https://sms4smile.com/quotes/i/70c/erik-brynjolfsson-9007_economics_holmstrom-and-p-milgrom-multitask-princi_1190681.jpg) [Open image](https://sms4smile.com/quotes/i/70c/erik-brynjolfsson-9007_economics_holmstrom-and-p-milgrom-multitask-princi_1190681.jpg) > ““Holmstrom and P. Milgrom, “Multitask Principal-Agent Analyses: Incentive Contracts, Asset Ownership, and Job Design,” Journal of Law, Economics & Organization 7, no. 24 (1991).”” [Erik Brynjolfsson](https://sms4smile.com/quotes/author/erik-brynjolfsson/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. The paper examines how contracts, ownership structures, and job design affect incentives when agents perform multiple tasks. **In simple terms:** Contracts and ownership shape incentives for multiple tasks. Key Takeaway Design incentives that align with all tasks. Themes economics organization incentives principal‑agent contract design Mood analytical critical Type academic theoretical When to use this quote - corporate governance - policy making - academic research Key Concepts multitask incentives asset ownership job design Questions to Reflect On - How can firms balance incentives across diverse responsibilities? - What ownership structures best support multitasking? A Different Perspective Complex real‑world tasks may not fit simple contract models. ★ ★ ★ ★ ★ No ratings yet [Agent Analyses](https://sms4smile.com/quotes/about/agent-analyses-3532601/) [Analyses Incentive](https://sms4smile.com/quotes/about/analyses-incentive-3532600/) [Economics](https://sms4smile.com/quotes/about/economics/) [Incentive Contracts](https://sms4smile.com/quotes/about/incentive-contracts-3532599/) [Multitask Principal](https://sms4smile.com/quotes/about/multitask-principal-3532602/) [Principal Agent](https://sms4smile.com/quotes/about/principal-agent-1492154/) ## Related quotes > [The principal agent is the object itself and not the instruction given by the teacher. It is the child who uses the objects; it…](https://sms4smile.com/quotes/maria-montessori/the-principal-agent-is-the-object-itself-and-not-the-instruction/) [Maria Montessori](https://sms4smile.com/quotes/author/maria-montessori/) > [“Economists have a singular method of procedure. 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