actually pay the announced bonus. This offers a new explanation for why explicit and implicit incentives are substitutes rather …

influence agents incentives and lead to a noncooperative game, even if the agents have to complete independent tasks. I show … substitutes. I solve for the optimal monetary incentives that complement the peer effects and show that the principal prefers …

We show that concerns for fairness may have dramatic consequences for the optimal provision of incentives in a moral … incentives and become superior when there are also fair-minded players. These predictions are strongly supported by the results …

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

We show that contracting in agency with voluntary participation may involve incentives for the agent's abstention …

provide powerful incentives and are superior to explicit incentive contracts when there are some fair-minded players. But …, which offer important new insights into the interaction of contract choices, fairness and incentives. …