This paper experimentally investigates the impact of different pay and relative performance information policies on … employee effort. We explore three information policies: No feedback about relative performance, feedback given halfway through …-takes-all tournament. We find that, regardless of the pay scheme used, feedback does not improve performance. There are no significant peer …

We analyze the optimal combination of promotion tournaments and individual performance pay in an employment … candidate. Thus, we give a possible explanation for why individual performance schemes are less often observed in practice than …

The relationship between CEO pay and performance has been much analyzed in the management and economics literature …

agents. Performance is evaluated via an observable, but non-contractible signal which reflects the agent's individual …

performance, and thus as a solution to the principal-agent dilemma created by the separation of ownership and management in …