Showing 1 - 4 of 4
Persistent link: https://www.econbiz.de/10012820357
Persistent link: https://www.econbiz.de/10011603608
Persistent link: https://www.econbiz.de/10001440656
We analyze a principal-supervisor-two-agent hierarchy with soft information. The supervisor may be inefficient such that a noisy signal on the agents’ effort levels is observed. On one hand, the agents require risk premiums to work due to the noisy signal. On the other hand, the supervisor and...
Persistent link: https://www.econbiz.de/10014033781