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 …

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