actually pay the announced bonus. This offers a new explanation for why explicit and implicit incentives are substitutes rather …

Technological standards give rise to a complements problem that affects pricing and innovation incentives of technology … producers. In this paper I discuss how patent pools can be used to solve these problems and what incentives patent holders have …

We show that concerns for fairness may have dramatic consequences for the optimal provision of incentives in a moral … incentives and become superior when there are also fair-minded players. These predictions are strongly supported by the results …

provide powerful incentives and are superior to explicit incentive contracts when there are some fair-minded players. But …, which offer important new insights into the interaction of contract choices, fairness and incentives. …