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Incentives in the Public Sector: Evidence from a Government Agency
incentives public sector teams performance personnel economics
2012/10/23
This paper addresses a lack of evidence on the impact of performance pay in the public sector by evaluating a pilot scheme of incentives in a major government agency. The incentive scheme was based on...
League-Table Incentives and Price Bubbles in Experimental Asset Markets
league tables price bubbles managed funds markets tournament incentives asset market experiments
2012/10/30
We study experimental markets in which participants face incentives modeled upon those prevailing in markets for managed funds. Each participant's portfolio is periodically evaluated at market value a...