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We study optimal contracting in team settings, featuring stylized aspects of production environments with complex tasks. Agents have many opportunities to shirk, task-level monitoring is needed to provide useful incentives, and because it is difficult to write individual performance into formal...
Persistent link: https://www.econbiz.de/10009321766
In a repeated partnership game with imperfect monitoring, we distinguish among the effects of (1) shortening the period …
Persistent link: https://www.econbiz.de/10005762644