We examine how decision makers adjust their allocation decisions in risky environments, and how organizational context influences these decisions. Superiors often have discretion over bonus allocations, allowing them to make adjustments for the risk faced by agents. It is thus important to...

In this study, we experimentally investigate how performance risk and relational risk affect a principal's willingness to offer gift, bonus, or penalty contracts and the subsequent motivational effect that these three contracts have on agents. Prior literature has not directly compared...

While managers commonly possess private information regarding future production cost when developing their cost budget, they also face outcome uncertainty regarding that future cost. This outcome uncertainty, however, has largely been ignored by experimental researchers examining various...

A simple econometric analysis is undertaken concerning the impact of the degree of risk sharing in countries' health financing organization on the goals of the health system, as defined in the World Health Report 2000, i.e., the level of health and its distribution across the population, the...