Sanctions are widely used to promote compliance in principal-agent-relationships. While there is ample evidence confirming the predicted positive incentive effect of sanctions, it has also been shown that imposing sanctions may in fact reduce compliance by crowding-out intrinsic motivation. We...

In this paper, we analyze whether structured PhD programs operate at optimal size and whether there are differences between different disciplinary fields. Theoretically, we postulate that the relation between the size of a PhD program and program performance is hump shaped. For our empirical...