obtain high-powered incentives and, hence, a high personal income at the merger-management stage. …

influence agents incentives and lead to a noncooperative game, even if the agents have to complete independent tasks. I show … substitutes. I solve for the optimal monetary incentives that complement the peer effects and show that the principal prefers …

bargaining, leading to stronger effort incentives and higher output. However, it also reduces incentives for labor market …