We explore the effects of competitive incentives and of their time horizon on the evolution of both asset prices and …); ii) a short-term bonus treatment in which bonuses are assigned to the best performers at the end of each trading period …; iii) a long-term bonus treatment in which bonuses are assigned to the best performers at the end of the 15 periods of the …

the performances of co-workers. Assuming heterogeneity among the workers the interplay of emotions and incentives is … analyzed by focusing on three incentive schemes that are frequently used in practice: tournaments, bonuses and piece rates. We … identify certain conditions under which emotions lead to additional incentives and under which the employer benefits from …

the performances of co-workers. Assuming heterogeneity among the workers the interplay of emotions and incentives is … analysed by focusing on three incentive schemes that are frequently used in practice: tournaments, bonuses and piece rates. We … identify certain conditions under which emotions lead to additional incentives and under which the employer benefits from …

We designed a natural-field experiment in the context of local public transportation to test whether rewards in the …

Bubbles in asset markets have been documented in numerous experimental studies. However, all experiments in which … bubbles occur pay dividends after each trading day. In this paper we study whether bubbles can occur in markets without … may have inside information, and (2) the option to communicate with other traders. We find that bubbles can indeed occur …