The optimal reporting frequency is an important issue in accounting. In many production settings, substitution effects across periods occur. This paper shows that the optimal reporting frequency depends on the strength of the substitution effect and on the information content of performance...

We analyze the effects of wage floors on optimal job design in a moral-hazard model with asymmetric tasks and imperfect aggregate performance measurement. Due to cost advantages of specialization, assigning the tasks to different agents is efficient. A sufficiently high wage floor, however,...

Initial investments and different strategic actions of universities lead to their different positions in the higher education sector. Pursuing similar strategies leads to similar positions that influence structure and performance within the system. Institutions cannot only choose to focus on...