bargaining, leading to stronger effort incentives and higher output. However, it also reduces incentives for labor market …

bargaining, leading to stronger effort incentives and higher output. However, it also reduces incentives for labor market …

The article seeks to: a) critique existing academic thought on economics of incentives and contracts, b) analyze the … impact of Equity-Based Incentives (EBIs) on risk and vice versa; c) show how EBIs cause information assymmetry,and vice versa ….The use of EBIs and incentives are heavily influenced by economics of transactions. The optimal incentive contract is one that …

framework for corporate insolvency resolution are constantly changing to enhance the efficiency of such mechanisms. This pursuit … efficiency and competence of a key figure in the process: the insolvency administrator. …Insolvency proceedings are strategic for the competitiveness of a national economy. The new law, but also new financial …

Incentives based on esteem, honor and shame are increasingly popular and easy to use due to modern surveillance … Tirole (2011) to explore the effect of esteem-based incentives and their interaction with traditional monetary incentives. We … show that esteem-based incentives can indeed lead to a loss of control by generating multiple equilibria, some of which …

This paper studies how asymmetric information over inputs affects workers' response to incentives and self-selection at … and managers shape the response to incentives and self-selection at the workplace. …