Kurtulus, Fidan Ana; DeVaro, Jed - 2012
principal-agent model to explain the lack of consistent empirical support for a tradeoff between risk and incentives. Using data … from the 1998 British WERS, the authors investigate whether there is: 1) evidence of a risk-incentives tradeoff as … implication of Prendergast’s model, namely that the evidence favoring a risk-incentives tradeoff should strengthen when authority …