One of the standard predictions of the agency theory is that more incentives can be given to agents with lower risk … obtain that lower agent’s risk aversion unambiguously leads to higher incentives when the technology function linking …

Employees often learn about their ability while working, and the resulting beliefs interact with pay incentives to … job, dynamic selection, effort, and variation in pay incentives. The empirical analysis is based on unique data from a US … which pay incentives affect employment outcomes, profits, and compensation. Under the implemented and the profit …

risk and incentives. Using data from the 1998 Workplace Employment Relations Survey (WERS) representing a cross-section of …

Standard models of moral hazard predict a negative relationship between risk and incentives, but the empirical work has … incentives decreases with risk aversion, more risk-averse agents prefer lower-incentive contracts; thus, in the optimal contract …, incentives are positively correlated with endogenous risk. In contrast, if risk aversion is high enough, the possibility of …

high-powered incentives; otherwise, bonuses perform better …

When designing incentives for a manager, the trade-off between insurance and a "good" allocation of effort across …

This paper seeks to explore how an agent's incentives to perform influences her performance. We analyze this question … show that the relationship between the incentives to perform and the expected performance could be negative. The paper thus … offers a novel, non-behavioral explanation for the failure of incentives …

under which delegation changes the scope of peer sanction and thus influences the implicit incentives generated by the … information regarding the effient decision. We show that implicit incentives under delegation are strongest in diverse teams and …