Renneboog, Luc; ter Horst, Jenke; Pikulina, E.S.; … - Tilburg University, Center for Economic Research - 2013
Abstract: Little is known about how different bonus schemes affect traders’ propensity to trade and which bonus schemes improve traders’ performance. We study the effects of linear versus threshold (convex) bonus schemes on traders’ behavior. Traders purchase and sell shares in an...