Brosig, Jeannette; Lukas, Christian; Riechmann, Thomas - Thurgauer Wirtschaftsinstitut an der Universität Konstanz - 2006
Non–monotone incentive structures, which — according to theory — are able to induce optimal behavior, are often regarded as empirically less relevant for labor relationships. Scientific attention is (therefore) confined to monotone if not linear contracts. This paper reports on...