Very excellent sentences

Control systems and pecuniary incentives erode morale by signaling to the agent that the principal is not worth impressing.

Here is an earlier draft of the paper, "Pride and Prejudice: The Human Side of Incentive Theory," by Tore Ellingsen and Magnus Johannesson; a better version is in the June 2008 American Economic Review.

By the way, in my mental pantheon, "Very excellent sentences" are stacked somewhere above "Very good sentences."


Comments for this post are closed