of incentives and when incentives can have “hidden costs”, i.e., a detrimental effect. We show experimentally that in all …'s behavior. Our finding contributes to the micro-foundation of psychological effects of incentives. …

talented workers leads to an escalating reliance on performance pay and other high-powered incentives, thereby shifting effort … distorts incentives downward in order to extract rents. More generally, as declining market frictions lead employers to compete …, while inequality tends to rise monotonically. Bonus caps and income taxes can help restore balance in agents' incentives and …

This paper studies the impact of incentives on worker self-selection in a controlled laboratory experiment. In a first …

experiment that analyzes the influence of other-regarding preferences on sorting and incentives. Experimental evidence shows that … the provision of incentives and their sorting effect. …

Most studies on the role of incentives on risk attitude report data obtained from within-subject experimental … predicted by the prospect theory. But under high stakes, we provide some evidence that risk seeking behavior is dramatically …

Whereas economists have made extensive studies of the impact of levels of incentives on behavior, they have paid little … attention to the effects of regularity and frequency of incentives. We contrasted three ways of rewarding participants in a real …-effort experiment in which individuals had to decide when to exit the situation: a continuous reinforcement schedule (all periods paid …

extrinsic incentives by the availability of non-monetary incentives. …

schemes. With it, we study tensions between egalitarianism, equity concerns, self-interest, and the need for incentives. In a … rational responses to incentives, are influenced by egalitarian, equity and strategic considerations. …