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Partners had a sharp incentive to control their traders because their own money was at risk in the markets.
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Today's 55- to 64-year-olds are the advance squad of the post-war baby-boomers who benefited from better education than their predecessors.Older workers now have a sharper incentive to stay in employment because of the impact of the crisis on wealth.
"You've got a little extra incentive".
Tax cuts would be a far sharper incentive to create jobs than the current system of welfare for big companies.
Key themes in optimal regulatory design include the merits of sharp incentives for pollution prevention using negligence-type rules; flexible regulation that allows interfirm trading of pollution rights; landowner rights regimes that elicit efficient location decisions in coming-to-the-nuisance situations; and potential environmental costs of extended (lender) liability for environmental harm.
And in late June, Chrysler announced a sharp boost in incentives, such as the employee pricing discounts of last year plus 0% financing, plus a 30-day money back guarantee if you dont like the car.
The results from the experiments using boundedly rational agents, and comparison with profit-maximisation reveal thresholds in incentive schemes, where a sharp increase in environmental benefit occurs for a small increase in incentive.
The government proposes tackling this problem through a mixture of harsher sanctions and sharper incentives to work.
This structural difference of these procedures has made a sharp contrast about the strength of incentive compatibility.
Underlining financial pressures on universities, Willetts says: "Now that the main funding for degrees flows via students there are sharper incentives to deliver an excellent student experience".
Now that the main funding for degrees flows via students, there are much sharper incentives on institutions to deliver an excellent student experience.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com