provides incentives to increase effort in order to reach the playoffs and incentives to decrease effort once a team has been … incentives - they win more games when there is still a chance to reach the playoffs and lose more after being eliminated from … result of lower motivation or disappointment. This is the first study to show that this is not the only explanation for a …

-minimising public firm. Workers in the economy are heterogeneous in their motivation to work in the sector. In line with empirical … findings, our model implies that firms in the competitive market provide stronger monetary incentives to workers, reach higher …