. We begin with a theoretical exploration of optimal contest design, focusing on the number of competitors. Our theory … test of the theory implements a laboratory experiment, where important features of the theory can be exogenously imposed … models to inform us of the relevant theoretical predictions. In both cases we find that the theory has a fair amount of …

on the task allocation of the firm's team leaders is large and robust; team leaders increase their non-billable hours and … shift billable hours to team members. Although the motivation for the change in the compensation plan was the multitasking … problem, this change also impacted the way tasks were allocated within each team, resulting in greater teamwork …

Empirical work testing for a negative tradeoff between risk and incentives, a cornerstone of agency theory, has not had …

tasks that produce unobservable outputs as they seek the salient rewards to observable outputs. Since the theory related to …