with reflections on the future of relational contract theory and practice. …

and Moore still hold. It is shown that investment incentives are guided by an additional element to standard hold … overinvestment. Although investment incentives are always positive from a social perspective, they can be negative from an individual …

reasonably approximate real-life decision makers? behavior. Testing this theory with field data is difficult since typically …

When designing incentives for a manager, the trade-off between insurance and a good allocation of effort across various …

suppose that greater transparency would enhance incentives. Therefore, it is puzzling that team production often lacks … by demonstrating that transparency can actually hurt incentives. In the presence of career concerns information on the … quality of task execution improves incentives while sustaining a cooperative team spirit. In contrast, making the identity of …

of information to future employers and sharpen incentives. Using a simple moral hazard model, we demonstrate that …