A key input to inventive activity is human capital. Hence it is important to understand the monetary incentives of …

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

performance incentives, on behavior of care providers filing applications for providing long-term care services to patients. We … degree of control reduces the number of applications and that introducing performance incentives reduces this even further …

closed form). By modeling the noise before the action in each period, we force the contract to provide sufficient incentives …

first show that simple fee-for-service reimbursement schemes do not provide proper incentives. If insurers use, however, fee …