We study how help can be fostered by means of a team bonus in the presence of rank-order tournaments. In a simple model … we combine elements of relative rewards and a team bonus and study their effect on effort, help and sabotage. Quite … intuitively the theoretical analysis suggests that team members help less as relative rewards increase. This problem is mitigated …

consequences for the provision of incentives in organizations and the design of sports competitions …

This paper examines the incentives from stock options for loss-averse employees subject to probability weighting …. Employing the certainty equivalence principle, I built on insights from Cumulative Prospect Theory (CPT) to derive a continuous … finding of standard models based on the Expected Utility Theory (EUT) framework that options value to a risk …

This paper investigates the effects of board of director collusion on managerial incentives and firm values. Recent … governance policies, such as managerial pay, and curbing competition. We study a model where managers can exert unobservable cost …-cutting effort and investigate the consequences of and the incentives for coordinating managerial pay among corporate boards …

incentives. Using various measures of performance, we find that European energy utilities link CEO compensation to firm …