The power of incentives

Article Abstract:

Issues related to compensation schemes are examined. Continuous schemes, which relate pay continuously to output or input may be more efficient than discrete schemes, rewarding only a minimum standard.

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What trade-off of risks and incentives?

Article Abstract:

There are reasons for doubting a relationship between incentives and risks, and plausible influences could lead to a positive relationship, rather than the traditional negative trade-off.

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Sherwin Rosen: in memoriam

Article Abstract:

Microeconomist Sherwin Rosen is remembered for his contributions to economic research and for his contributions to the American Economic Association, which he served as president.

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