Incentives, Institutions, and Other Motivations

David Dequech

Journal of Economic Issues, 2024, vol. 58, issue 3, 756-775

Abstract: The general purpose of this article is to examine incentives and their relations with institutions and with other motivations. The article proposes a concept of incentives in a narrow and in a broad sense. It discusses the provision of incentives by different types of institutions (formal and informal social norms; conventions). It briefly considers the relation between the incentivizing influence of institutions and their constraining influence. It distinguishes incentives from intrinsic motivations and profound motivations. It establishes links between the incentivizing and the profound motivational influence of institutions, especially the possible unfolding of the former into the latter.

Date: 2024
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DOI: 10.1080/00213624.2024.2381415

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