We study the effect of physician incentives in an HMO network. Physician incentives are controversial because they may … induce doctors to make treatment decisions that differ from those they would chose in the absence of incentives. We set out a … suggestive evidence that financial incentives linked to commonly used quality measures may stimulate an improvement in measured …

intensity is shown to induce a higher default rate and to raise the country risk as reflected in the interest rate associated … default penalty eliminates the adverse effects of country risk on expected income. For such an economy a contingency plan that … effective magnitude of country risk and the incidence of default …

Empirical research on executive compensation has focused almost exclusively on the incentives provided to chief … executive officers. However, firms are run by teams of managers, and a theory of the firm should also explain the distribution … of incentives and responsibilities for other members of the top management team. An extension of the standard principal …

financial incentives fixed, we randomized the pre- or post-payment of sales bonuses at 294 car dealerships. Prepayment was … theoretically, that negative effects of loss framing can arise due to an increase in incentives for “gaming” behaviors. Based on …

Empirical work testing for a negative tradeoff between risk and incentives, a cornerstone of agency theory, has not had … much success. Indeed, the data seem to suggest a positive relationship between measures of uncertainty and incentives … uncertainty on incentives through the allocation of responsibility to employees. When workers operate in certain settings, the …

Advocates of teacher incentive programs argue that they can strengthen weak incentives, while opponents argue they lead … to teaching to the test.' We find evidence that existing teacher incentives in Kenya are indeed weak, with teachers … Kenya with incentives based on students' test scores. Students in program schools had higher test scores, significantly so …

theory of agency, notably income insurance and multi-task considerations, also shape pay policies. The conclusion we draw …