Early studies often found that offering economic incentives for undertaking prosocial and intrinsically motivated … related to whether crowding out (or substitution) is likely to occur. In many cases, incentives succeed in encouraging more … prosocial behavior and are also cost-effective. However, although the substitution of external incentives for intrinsic …

goals, is defined in the context of the theory of agency. The fiduciary program, a set of procedures for determining the …

The standard principal agent model considers monetary incentives only. It is assumed that money is more efficient than …) - though almost omnipresent - have so far escaped the attention of economists. They present extrinsic, non-monetary incentives … differences between monetary incentives and awards: in general, awards are cheap, lead to interpersonal relationships, are not …

We develop a theory of incentives, wages, and employment in the context of team production. A central insight is that … incentives under moral hazard. We show that incentives and employment are complements for the principal when the positive effects …

win-win solutions that help business firms to do well by doing good. With regard to theory, ordonomics offers a conceptual …

divisions to replace high incentive pay to the division heads by incentives based on private benefits of control. In that …