Motivated people are crucial to create a sustainable competitive advantage for your company. Successful Management by Motivation shows that in a knowledge-based society, this goal cannot be achieved by extrinsic motivation alone. Pay for performance often even hurts because it crowds out...

Purpose – The purpose of this “viewpoint” is to consider the unintended consequences of variable pay and incentive schemes in healthcare environments. Design/methodology/approach – Reviews a series of side effects of incentives. Findings – The paper suggests that pay-for-performance...

Purpose – The purpose of this “viewpoint” is to consider the unintended consequences of variable pay and incentive schemes in healthcare environments. Design/methodology/approach – Reviews a series of side effects of incentives. Findings – The paper suggests that pay-for-performance...

This paper argues that the "Economics of Crime" concentrates too much on punishment as a policy to fight crime, which is unwise for several reasons. There are important instances in which punishment simply cannot reduce crime. Several feasible alternatives to punishment exist, such as offering...

Academic economists today are caught in a "Publication Impossibility Theorem Systemʺ or PITS. To further their careers, they are required to publish in A-journals, but this is impossible for the vast majority because there are few slots open in such journals. Such academic competition is held...

This paper argues that the "Economics of Crime" concentrates too much on punishment as a means of preventing crime, which is unwise for several reasons. There are important instances in which punishment simply cannot reduce crime. Several feasible alternatives to punishment exist, such as...