asymmetry in the dependence between stocks: stock returns appear to be more highly correlated during market downturns than …

the central aims of this policy was to create financial incentives for providers to improve their clinical performance …, we exploit the fact that choice-based reforms will create sharper financial incentives for hospitals in markets where …

. The parties' incentives to undertake relationship-specific investment are reduced, while the parties enjoy greater … trade-off between the need for incentives and the gains from insurance that voiding in some circumstances offers to the …

incentives to perform well. …

the provision of incentives. Unlike previous papers, we use a direct measure of seniority-based pay as well as measures of … incentives. They are also less likely to invest in monitoring devices. We also find that firms that offer seniority-based pay are …

the need to provide incentives for non-observable investment, taking into account transaction costs and imperfections in … compensation scheme are used to provide incentives within the same contract, joint analysis is important for a correct …

) famously pointed out, providing monetary incentives to blood donors may crowd out blood supply as purely altruistic donors may … paper we examine how favouring different types of incentives are related to the likelihood of donating blood by exploiting a … and attitudes towards incentives. Our results show those who have donated are less likely to favour monetary rewards for …