healthcare. We argue that markets are most advantageous in areas where high-powered incentives are desirable, but in areas where … high-powered incentives stimulate unproductive signalling effort, firms, or even government, may have a comparative … advantage. Firms may be able to weaken incentives and improve efficiency by obscuring information about individual workers …

High-powered incentives for the military and security services have become a common counterinsurgency strategy over the … last several decades. We investigate the use of such incentives for members of the Colombian army in the long-running civil … colonels have stronger career concerns and should be more responsive to such incentives, we show that there were significantly …