contracts which determine their managers' salaries. One contract simply gives managers incentives to maximize firm profits …

context. Between treatments, we vary whether or not piece-rate (PR) incentives are implemented and the degree to which these … incentives are aligned with the desirable outcome. We show that PR incentives have a positive impact on the number of innovative … ideas, i.e., the number of ideas that are of high quality and original. We find that unweighted PR incentives (PR provided …

It has been argued that monetary incentives restrain individual creativity and hamper performance in jobs requiring out … also when individuals work together to solve such problems. We do not find a negative impact of incentives on group … performance. As a comparison we ran the same experiment (the Candle Problem) with and without incentives for individuals as well …

incentives to implement such a trigger? We construct a theoretical model of a bank that is financed with debt and equity, and a …. However, we show that the board may implement a contract with insufficient incentives to communicate a warning, as refinancing …

lotteries and their certainty equivalents. Given the recent literature on the use of regret lotteries as incentives, our results …