) if this does not affect their payoffs. -- contracts ; subjective performance evaluations ; reciprocity …

accommodates this finding. We analyze the agents' (optimal) behavior, optimal contracts, and social welfare in this environment …

is costless. -- contracts ; subjective evaluations ; self-esteem ; ego-threats ; reciprocity …

Subjective evaluations are widely used, but call for different contracts from traditional moral-hazard settings …. Previous literature shows that contracts require payments to third parties, which real-world contracts rarely use. I show that … the implicit assumption of deterministic contracts makes payments to third parties necessary. This paper studies …

Subjective evaluations are widely used, but call for different contracts from classical moral-hazard settings. Previous … literature shows that contracts require payments to third parties. I show that the (implicit) assumption of deterministic … contracts makes payments to third parties necessary. This paper studies incentive contracts with stochastic compensation, like …

-enforceable private contracts (regulation). However, because this mechanism is costly, its effectiveness depends on the aggregate …