compensation scheme under both symmetric and asymmetric information about workers' actions, and we also derive conditions for our …

incentives and risk-taking is more nuanced and depends critically on the availability of information about peers' strategies and … outcomes. Indeed, we find that when no peer information is available, relative rewards schemes are associated with … significantly less risk-taking than non-competitive rewards. In contrast, when decision-makers receive information about their peers …

incentives and risk-taking is more nuanced and depends critically on the availability of information about peers’ strategies and … outcomes. Indeed, we find that when no peer information is available, relative rewards schemes are associated with … significantly less risk-taking than non-competitive rewards. In contrast, when decision-makers receive information about their peers …