This paper experimentally investigates the impact of different pay and relative performance information policies on … employee effort. We explore three information policies: No feedback about relative performance, feedback given halfway through …-takes-all tournament. We find that, regardless of the pay scheme used, feedback does not improve performance. There are no significant peer …

We consider a principal-agent model with moral hazard where the agent's knowledge about the performance measure is … a subset of all informative performance measures. That is, the Informativeness Principle does not hold in our model …

according to Köszegi and Rabin (2006, 2007). The optimal contract is a binary payment scheme even for a rich performance measure …. Moreover, for diminutive occurrence probabilities for all signals the agent is rewarded with the fixed bonus if his performance …

and offered performance-related compensation schemes to their scientists. However, neither a higher total compensation nor …

performance, and thus as a solution to the principal-agent dilemma created by the separation of ownership and management in …