is an intrinsic motivation device. The firm is more efficient than the market when asset specificity and subjective risk … are sufficiently high because it provides balanced incentives, fosters intrinsic motivation, and economizes on risk. An … intrinsic motivation and the agent's rents in exchange for commitment are higher. The exception is when the market approximates …

). Agents differ in their motivation to exert social effort. Our model predicts that lowering incentives for selfish effort in …

). Agents differ in their motivation to exert social effort. Our model predicts that lowering incentives for selfish effort in …

, analysed both in isolation and combination: (i) monitoring efforts affecting intrinsic motivation, i.e. the firm is either … trusting or controlling, and (ii) remuneration schemes affecting extrinsic motivation, i.e. individual or group rewards. The … werden: (i) Überwachungsmaßnahmen, die sich auf die intrinsische Motivation auswirken, d. h. das Unternehmen ist entweder …

). Agents differ in their motivation to exert social effort. Our model predicts that lowering incentives for selfish effort in …

rewards to performance increases effort, but that they can also backfire, reducing effort. Intrinsic motivation, the internal …. If the incentives crowd-out intrinsic motivation, and the effect is large enough, the net motivational effect on effort …, is one facet of intrinsic motivation, triggered by the combination of high-powered incentives and egoistic principal …