further bene.t from combining worker compensation via a bonus-pool contract and relative performance evaluation. Such …

By incorporating reciprocity in an otherwise standard principal-agent model, I investigate the relation between …. Furthermore, since some workers do not reciprocate the principal's altruism, the principal may find it optimal to write a contract … that simultaneously signals his altruism and screens reciprocal worker types. Such a contract is characterised by …

rate and time taken in a procurement setting, characterizing the efficient contract design. Using new micro-level data on …

optimal contract with a strikingly simple closed form — that efficiently motivate the same productive action. Because … incentives can be embedded in the measure or the contract, any distortions in one are offset by adjusting the other, which can …

This study adopts behavioral contract theory through a mathematical model and clarifies the situation in which a fixed …–salary contract is preferable to incentives–based one for the principal. Theoretically, the expected utility for the principal is … higher under an incentives–based contract but, in reality, there are companies that employ people via fixed–salary contracts …