This paper studies a principal-agent relation in which the principal's private information about the agent's effort … and not on the public signal. Nonetheless, public information is valuable as it facilitates truthful subjective evaluation …

to contribute to the team output. We vary the type of information the second mover receives prior to his effort choice …

measures, I argue that subjective evaluations might sometimes also be used to withhold information from the worker. I … furthermore argue that withholding information is particularly important under circumstances where the credibility issue is small …

information about suitable merger targets and to manage the merged corporation in case of an acquisition. Our results show that …

hazard. To model the procurer's roblem, we extend a standard sequential screening model to endogenous information acquisition … with moral hazard. The optimal contract displays systematic distortions in information acquisition. Due to a rent effect …, adverse selection induces too much information acquisition to prevent cost overruns and too little information acquisition to …

additional information. Due to a double moral hazard problem, there exists a tension between incentives for effort and incentives … additional information. Due to a double moral hazard problem, there exists a tension between incentives for effort and incentives …