Early studies often found that offering economic incentives for undertaking prosocial and intrinsically motivated … related to whether crowding out (or substitution) is likely to occur. In many cases, incentives succeed in encouraging more … prosocial behavior and are also cost-effective. However, although the substitution of external incentives for intrinsic …

durables. Who opts into the transaction when given such incentives? We show theoretically and experimentally that increasing …

that show, in a very general setting, that the choice between work effort and leisure under given linear incentives depends …

Much of economics assumes that higher incentives increase participation in a transaction only because they exceed more … costly, higher incentives also change reservation prices to further increase participation. A higher incentive makes people …. Hence, incentives change not only what people choose, but also what they believe their choices entail. This result informs …