To address agents' moral hazard over effort, incentive contracts impose risk on the agents. As performance measures … (agents bear more risk) in more uncertain environments. This paper provides new evidence on the association between the extent … of uncertainty and the level of risk imposed on agents. In the context of contracts between managed care organizations …

risk and incentives. Using data from the 1998 Workplace Employment Relations Survey (WERS) representing a cross-section of …Traditionally, researchers have had difficulty testing the relationship between the degree of risk or uncertainty in … workers' environments and incentive pay. The authors employ Prendergast's (2002) theory that incorporates the delegation of …

. This study shows that the contractual features of the Iska also raised deeper issues of risk sharing and shirking in the …

Uncertainty has qualitatively different implications than risk in studying executive incentives. We study the interplay … who face greater uncertainty desire faster learning, and consequently offer higher managerial incentives to induce higher … effort from the manager. In contrast to the standard negative risk-incentive trade-off, this "learning-by-doing" effect …

Uncertainty has qualitatively different implications than risk in studying executive incentives. We study the interplay …. Investors who face greater uncertainty desire faster learning, and consequently offer higher managerial incentives to induce … higher effort from the manager. In contrast to the standard negative risk-incentive tradeoff, this 'learning-by-doing' effect …

We examine the relations between golden parachutes (GPs), pay-performance sensitivity (delta), and managerial risk …-taking. We find an insignificant effect of GPs, but a negative and significant interaction of GPs with delta, on risk … risk-taking through the incentive of a CEO with a GP to accept a takeover, as well as delta's role in affecting the weight …

take on disaster risk. When effort costs are convex, reductions in effort incentives is used to limit risk-taking, with a … jump to high powered incentives in the gambling region. Our model can explain why suboptimal risk-taking can emerge even … term profits by putting the firm at risk of a low probability "disaster." To avoid such risk-taking, investors must cede …

The paper addresses a basic model of moral hazard (risk) (Gibbons, 2010, Gibbons, 2005) and suggests some of its … modifications. In the basic model of moral risk, questions are put and examined that have not been considered in the previous … level of efforts that minimize the risk of obtaining this maximum utility. Modifications of the moral risk model are …

such “objective uncertainty” interacts with the strategic incentives of actors in international cooperation. The model …

, teams should get more risk-loving as they fall further behind, matching prospect theory preferences. When leading, risk …We study an observable risk-return tradeoff for which risk "preferences" are normatively prescribed by the desire to … aversion should increase with the lead, running counter to typical risk preferences. We find strong evidence that players trade …