This paper experimentally investigates the impact of different pay schemes and relative performance feedback policies on employee effort. We explore three feedback rules: No feedback on relative performance, feedback given halfway through the production period, and continuously updated feedback....

Integration of creative individuals in innovation processes is crucial. Nevertheless their identification is particularly challenging. From a psychological standpoint, the importance of mental imagery in the creative process has been highlighted. A first study examines the relationship between...

We study, at the firm level, whether the incremental R&D tax credit increases the private funding of R&D. In order to answer this question, we use the yearly surveys of the Ministry of Research over the period 1993-2003, as well as the corresponding firm-level tax files. The main issue is...

L'objet de cet article est d'analyser l'existence de bulles spéculatives rationnelles - c'est-à-dire l'existence d'écarts durables entre des cours boursiers efficients et leurs déterminants fondamentaux- sur les marchés américains et français, au cours de la période 1871-1996....