firms. We study the agency problem between shareholders and a manager when the manager can hedge his incentive compensation …

Using an agency model, we show how delegation, by generating additional private information, improves dynamic … incentives under limited commitment. It circumvents ratchet effects and facilitates the revelation of persistent private …

each other. The contract may contain two types of incentives for the agent to work hard: a bonus and a threat of dismissal …

a number-adding task) with the same treatments. In all tasks we find that incentives seem to have very small effects and …

an experiment with piece-rate incentives we find that the comparative static and the point predictions on effort …

feasible alternatives to punishment exist, such as offering positive incentives or handing out awards for law abiding behavior …

tasks. We analyze the effects of the salience of incentives in a team production setting where the principal has an interest … incentive system without changing the incentive system. The results indicate that salience of incentives itself is statistically … and economically important for performance. We find that higher salience of incentives for quantity increases quantity …

) famously pointed out, providing monetary incentives to blood donors may crowd out blood supply as purely altruistic donors may … types of incentives are related to the likelihood of donating blood by exploiting a large sample representative of 15 …