We study the effect of physician incentives in an HMO network. Physician incentives are controversial because they may … induce doctors to make treatment decisions that differ from those they would chose in the absence of incentives. We set out a … suggestive evidence that financial incentives linked to commonly used quality measures may stimulate an improvement in measured …

In this paper I summarize four new strands in agency theory that help me think about incentives in real organizations … assessments; incentives for skill development rather than simply for effort; and incentive contracts between versus within …

. In the presence of career concerns, the optimal compensation contract optimizes total incentives -- the combination of … the implicit incentives from career concerns and the explicit incentives from the compensation contract. Thus, the … explicit incentives from the optimal compensation contract should be strongest when a worker is close to retirement. We find …

"--prepaid then clawed back if targets are unmet. We theoretically document that loss framing raises incentives for costly risk …

therefore can generate the right innovation incentives in our model …