incentives increase after good performance. Implications about managerial incentives and asset management compensations are …

satisfy because of the different kinds of incentives to be managed and the overall trade-off between rent extraction …

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

A main prediction of agency theory is the well known risk-incentive trade-off. Incentive contracts should be found in …

Empirical studies of the principal-agent relationship find that extrinsic incentives work in many instances, linking … drive to work to master a skill or to improve one's self image, is thought to be the key to whether incentives work or not …. If the incentives crowd-out intrinsic motivation, and the effect is large enough, the net motivational effect on effort …

ambiguous and he is averse towards ambiguity. We show that the principal may optimally provide no incentives or contract only on …. These results stand in stark contrast to the ones of the orthodox theory, but are empirically of high relevance. -- Moral …

, increasing the number of different wages reduces the agent's expected utility without providing strong additional incentives …