crowding out due to low-powered incentives. High-powered incentives in the workplace tend to increase output, but it is unknown … also extends to high-powered incentives, in a real work setting with paid workers. There is individual heterogeneity …

A basic tenet of incentive theory states that there is a trade-off between risk and incentives. By implication, greater …

This paper tests two hypotheses from the theory of elimination tournaments: (i) that uneven tournaments, where the … contestants are ex ante heterogeneous, entail lower effort exertion; this is a prediction from agency theory that has not been … tested empirically before; and (ii) whether incentives set through prizes matter for effort exertion; this assumption …

Our study explores how managerial stock holdings and option holdings affect CEOs' income smoothing incentives. Given … provide evidence that income smoothing can be informative or opportunistic, depending on the incentives of CEOs …