scheme of incentives in a major government agency. The incentive scheme was based on teams and covered quantity and quality …

-agent relationships by improving the trade-off between insurance and incentives in the design of explicit contracts. In dynamic settings …, however, there may be implicit as well as explicit incentives (e.g. managerial career concerns and the ratchet effect in … regulation). We show that the dynamic effects of CPI on implicit incentives can either reinforce or oppose the familiar (static …

This Paper examines optimal incentives and performance measurement in a setting where an agent has specific knowledge … choice of performance measures and incentives depends on the agent’s knowledge, environmental risk, technological uncertainty …

A substantial body of research investigates the design of incentives in firms, yet less is known about incentives in …. Third, contrary to existing laboratory evidence, financial incentives do not crowd out intrinsic motivation in this setting. …

talented workers leads to an escalating reliance on performance pay and other high-powered incentives, thereby shifting effort … incentives downward in order to extract rents. More generally, as declining market frictions lead employers to compete more …, while inequality tends to rise monotonically. Bonus caps and income taxes can help restore balance in agents' incentives and …

, the model offers an explanation for motivational crowding out: Control systems and pecuniary incentives may erode morale …