efficiency, while incidental emotions can impair it. Signals in specific brain areas can be a trigger precipitating a bubble …

its absence despite weaker incentives. We develop a principal-agent model with reference-dependent utility that … illustrates how labor contracts combining weak monetary incentives and wage-irrelevant goals can be optimal. It follows that … recognizing the pervasive use of non-monetary incentives in the workplace may help account for previous empirical findings …

The canonical principal-agent problem involves a risk-neutral principal who must use incentives to motivate a risk … is true, then the lessons to be learned from principal-agency theory are all the wrong ones. Concentrating on incentives …

that negative social evaluation, i.e., potential punishment, creates incentives for conformity. Positive social evaluation …, i.e., potential reward, creates incentives for anticonformity. In a laboratory experiment, we investigate the effect of … these incentives in three domains: judgments in the knowledge domain, subjective arts preferences, and decisions in a …

emotions could decrease the use of punishments while keeping welfare high, possibly depending on pre-existing levels of … net earnings and self-reported emotions compared to a control condition (Natural). Although the interaction between the …

emotions could decrease the use of punishments while keeping welfare high, possibly depending on pre-existing levels of … net earnings and self-reported emotions compared to a control condition (natural). Although the interaction between the …

Are monetary and non-monetary incentives used as substitutes in motivating effort? I address this question in a … and non-monetary incentives imperfect. These findings have implications for the design of incentives in mission …