While in the US stock-based incentives are commonly used since the 50s of the last century, in Germany they were … incentives. In the meantime the legal environment has changed significantly and today even the German Corporate Governance Code … encourages firms to grant stock-based long-term incentives. However, examining a hand-collected unique data-set we find that even …

explore the social, ecological, and existential costs of economic incentives, by discussing how relying on increasing levels … that one-dimensional economic incentives may destroy existential, social, and systemic values that influence the manager … incentives) may displace intrinsic motivation. Our perspective is a holistic one, in the sense that we will explore the influence …

talented workers leads to an escalating reliance on performance pay and other high-powered incentives, thereby shifting effort … distorts incentives downward in order to extract rents. More generally, as declining market frictions lead employers to compete …, while inequality tends to rise monotonically. Bonus caps and income taxes can help restore balance in agents' incentives and …

of a bonus contract can dramatically impact both risk-taking behavior as well as pay-performance incentives. Several …

closed form). By modeling the noise before the action in each period, we force the contract to provide sufficient incentives …