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

obtain high-powered incentives and, hence, a high personal income at the merger-management stage. …

A main prediction of agency theory is the well known risk-incentive trade-off. Incentive contracts should be found in …

Empirical studies of the principal-agent relationship find that extrinsic incentives work in many instances, linking … drive to work to master a skill or to improve one's self image, is thought to be the key to whether incentives work or not …. If the incentives crowd-out intrinsic motivation, and the effect is large enough, the net motivational effect on effort …

flattening of the high-powered incentives. Methodologically, we provide a tractable way to formulate and characterize optimal … robustness and simplicity of dynamic contracts, in particular that presence of ambiguity flattens high-powered incentives …

thus far puzzling use of non-linear incentives, for example in sales-force compensation. The result is obtained by …

influence agents incentives and lead to a noncooperative game, even if the agents have to complete independent tasks. I show … substitutes. I solve for the optimal monetary incentives that complement the peer effects and show that the principal prefers …