We explore the effects of competitive incentives and of their time horizon on the evolution of both asset prices and …) ; ii) a short-term bonus treatment in which bonuses are assigned to the best performers at the end of each trading period … ; iii) a long-term bonus treatment in which bonuses are assigned to the best performers at the end of the 15 periods of the …

We explore the effects of competitive incentives and of their time horizon on the evolution of both asset prices and …); ii) a short-term bonus treatment in which bonuses are assigned to the best performers at the end of each trading period …; iii) a long-term bonus treatment in which bonuses are assigned to the best performers at the end of the 15 periods of the …

We develop a parsimonious model of bubbles based on the assumption of imprecisely known market depth. In a speculative … possibility of bubbles depending on the risk-free rate, uncertainty about market depth, and traders’ degree of leverage. This … allows us to discuss several policy measures. Bubbles always reduce aggregate welfare. Among others, certain monetary policy …

the performances of co-workers. Assuming heterogeneity among the workers the interplay of emotions and incentives is … analyzed by focusing on three incentive schemes that are frequently used in practice: tournaments, bonuses and piece rates. We … identify certain conditions under which emotions lead to additional incentives and under which the employer benefits from …

the performances of co-workers. Assuming heterogeneity among the workers the interplay of emotions and incentives is … analysed by focusing on three incentive schemes that are frequently used in practice: tournaments, bonuses and piece rates. We … identify certain conditions under which emotions lead to additional incentives and under which the employer benefits from …

We designed a natural-field experiment in the context of local public transportation to test whether rewards in the …