10 Gneezy and Rustichini (2000)
Discussion paper: Gneezy and Rustichini (2000a) “A fine is a price”, Journal of Legal Studies
Supplementary papers:
- Gneezy and Rustichini (2000b) “Pay enough or don’t pay at all”, Quarterly Journal of Economics
- Frey and Oberholzer-Gee (1997) “The cost of price incentives: An empirical analysis of motivation crowding-out”, American Economic Review
Gneezy and Rustichini argue that when extrinsic motivators crowd out intrinsic motivation, monetary incentives can backfire.