Between and within firms, work teams compete against each other and receive feedback on how well their team is … feedback (RPF) at team level. We find that when subjects work under team incentives, then RPF on team performance increases the … experiment suggests that top performers are particularly motivated by the combination of team incentives and team RPF. In fact …

as a proxy for the incentive design component shaped by an executive team's synergy profile. We model optimal PPS … design (Edmans et al. 2013). We focus on Pay Performance Sensitivities (PPS) and use dispersion in PPS across top executives … (decreasing) in the residual when PPS dispersion is too low (too high). We conjecture that deviations from optimal are sustained …