Despite its central role in the theory of incentives, empirical evidence of a tradeoff between risk and incentives …

responsive to agents' performance. Agents' performance is higher in the presence of goal setting despite weaker incentives. We … incentives and wage-irrelevant goals can be optimal. The pervasive use of non-monetary incentives in the workplace may help … account for previous empirical findings suggesting that firms rely on unexpectedly weak monetary incentives. …

We study several solutions to shirking in teams that trigger social incentives by reshaping the workplace social …

the principal's imposed contract. While principals governing teams of agents sometimes do use incentives, in cases where … incentives are not present - if agents trust one another - they are each more likely to contribute high effort …