Showing 1 - 10 of 11,454
agents to produce information jointly is commonly observed. Yet, agency theory stresses the difficulties associated with …
Persistent link: https://www.econbiz.de/10012964732
We develop an axiomatic foundation for the classical problem of paying workers in settings where their actions are not observed by the employer. The latter only observes the distribution of ability and demands fairness. First, we uniquely characterize workers’ expected pay thanks to a set of...
Persistent link: https://www.econbiz.de/10014358276
Persistent link: https://www.econbiz.de/10001477963
Persistent link: https://www.econbiz.de/10001610682
Persistent link: https://www.econbiz.de/10001792611
Persistent link: https://www.econbiz.de/10002519546
Persistent link: https://www.econbiz.de/10001916065
Persistent link: https://www.econbiz.de/10003925940
Persistent link: https://www.econbiz.de/10003989344