ownership leads to strong investment incentives because equilibrium resale prices are determined by buyers incentives to block … rivals from obtaining assets. These incentives benefit consumers, but harm rivals in the industry. Evaluating optimal … markets, private equity firms have stronger incentives than incumbents to invest in acquiring specialized restructuring skills. …

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 …

. Such behavior may call for high-powered incentives, so that increased effort by the worker little increases the income of … various assumptions about the object and generality of envy. Envy amplifies the effect of incentives on effort and, therefore …