The implementation of teamwork has been growing steadily in the last decade. Companies suppose that the use of teams improves their performance and supports the achievement of their strategic goals. The high relevance of teams in the business world is reflected by an increasing literature on...

We present a model of optimal contracting between a purchaser and a provider of health services when quality has two dimensions. We assume that one dimension of quality is verifiable (dimension 1) and one dimension is not verifiable (dimension 2). We show that the power of the incentive scheme...

In this study I examine the relationship between accountability (e.g., state sanctions for poor performance, or the presence of goals required by the district) and public secondary principal pay and school performance. Though such incentives and standards are increasingly common, the existing...

In this paper we study how performance requirements may improve the working of a distribution channel when the retailer is better informed about demand conditions than the manufacturer. Performance requirements means that the manufacturer and retailer agree to (1) have the manufacturer set...

A main prediction of agency theory is the well known risk-incentive trade-off. Incentive contracts should be found in environments with little uncertainty and for agents with low degrees of risk aversion. There is an ongoing debate in the literature about the first trade-off. Due to lack of...