conform to theory. We survey some literature in this area and suggest areas for further research …

's incentive contract provides a typical physician an increase, at the margin, of $0.10 in income for each $1.00 reduction in …

provision of marginal incentives, and applies the theory to explain variation in the form of compensation of over-the-road truck … of hauls in a way that is consistent with the theory. By contrast, we find that vehicle ownership, which defines a driver …

This paper examines the performance of the JTPA performance system, a widely emulated model for inducing efficiency in … weakly, and sometimes perversely, related to long run impacts and (b) that the efficiency gains or losses from cream skimming …

managers. We question this view within its own analytical framework by studying, in a principal-agent model, the effects of … diversion overlooks a significant cost of such behavior. Many common modes of compensation can provide managers with incentives …

Firms are more complicated than standard principal-agent theory allows: firms have assets-in-place; firms endure … through time, allowing for the possibility of replacing a shirking manager; firms have many managers, constraining the amount … control rights of an optimal contract. Managerial entrenchment makes the promise of deferred compensation credible. Deferring …

: reducing the opportunity for managers to transfer value to equityholders from creditors via strategic default, and reducing the …

This paper presents theory and evidence on horizontal industry structure, focusing on situations where plant …