environment and incentives can increase with “respondable ” risk. The relation between incentives and risk is more positive when … officers (CEOs), I find that incentives for CEO s increase with industry-wide risk, a measure of respondable risk. The positive …This paper examines the incentive provision when the agent can respond to risk by exerting effort to collect …

Much of the evidence raising doubts about Expected Utility Theory (EUT) comes from experiments involving hypothetical …

firm can extract too much of the employment rents, however, workers may not have sufficient incentives to put forth effort …