The motivation crowding effect suggests that an external intervention via monetary incentives or punishments may … undermine (and under different indentifiable conditions strengthen) intrinsic motivation. As of today, the theoretical \lang1033 …

agents have unobservable intrinsic motivation levels. I show that the non-contractibility of effort (asymmetric information …

). Agents differ in their motivation to exert social effort. Our model predicts that lowering incentives for selfish effort in … prediction in a lab experiment allowing us to cleanly separate the selection effect from other effects of low incentives. Results …

-minimising public firm. Workers in the economy are heterogeneous in their motivation to work in the sector. In line with empirical …

an experiment with piece-rate incentives we find that the comparative static and the point predictions on effort …

. Agency theory’s insistence on linking the compensation of managers and directors as closely as possible to firm performance … extrinsic motivation is reinforced. Based on the common pool approach to the firm, institutions are proposed which serve to …

In this experiment, we analyze strategic delegation in a Cournot duopoly. Owners can choose among two different … contracts which determine their managers' salaries. One contract simply gives managers incentives to maximize firm profits … only rarely chosen in the experimental markets. This behavior is rational given that managers do not play according to the …