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feasible alternatives to punishment exist, such as offering positive incentives or handing out awards for law abiding behavior … to a large extent law abiding, they are more motivated to observe the law. -- crime ; punishment ; incentives … ; motivation ; framing ; broken window theory …
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The standard principal agent model considers monetary incentives only. It is assumed that money is more efficient than …) - though almost omnipresent - have so far escaped the attention of economists. They present extrinsic, non-monetary incentives … differences between monetary incentives and awards: in general, awards are cheap, lead to interpersonal relationships, are not …
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Motivated people are crucial to create a sustainable competitive advantage for your company. Successful Management by Motivation shows that in a knowledge-based society, this goal cannot be achieved by extrinsic motivation alone. Pay for performance often even hurts because it crowds out...
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