This study uses rich information on performance outcomes to estimate the effect of bonus pay on worker productivity. We use a policy discontinuity in the call centre of a multi-national telephone company in which management introduced monetary bonuses upon achieving pre-defined performance...

We analyze optimal labor contracts when the worker is inequity averse towards the employer. Welfare is maximized for an equal sharing rule of surplus between the worker and the firm. That is, profit sharing is optimal even if effort is contractible. If the firm can make a take-it-or leave-it...

Comprising eight case studies from around the world, this volume investigates the social, political and ethical implications of markets through the specific lens of prices. Drawing on the most recent scholarship in economic anthropology, it represents the first systematic attempt to address...

Comprising eight case studies from around the world, this volume investigates the social, political and ethical implications of markets through the specific lens of prices. Drawing on the most recent scholarship in economic anthropology, it represents the first systematic attempt to address...