Koch, Alexander K.; Peyrache, Eloïc - School of Economics and Management, University of Aarhus - 2008
agents’ abilities. This may make it optimal to contract on relative performance measures, even though the extant rationales … ambiguity about agents’ abilities. This may make it optimal to contract on relative
performance measures, even though the extant … this imposes on contracts.
JEL: D82, J33, L14
Keywords: Reputation; Asymmetric learning; Relative performance contracts …