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Lang, Matthias - 2014

Should principals explain and justify their evaluations? Suppose the principal's evaluation is private information, but she can provide justification by sending a costly cheap-talk message. If she does not provide justification, her message space is restricted, but the message is costless. I...

Persistent link: https://www.econbiz.de/10010361447

Optimal design of internal disclosure

Orlov, Dmitry - 2015

discrete bonuses after they do sufficiently well. By adjusting monitoring intensity and communication of performance, the …

Persistent link: https://www.econbiz.de/10011808020

Communicating subjective evaluations

Lang, Matthias - 2012 - this version: August 2013

Should principals explain and justify their evaluations? In this paper the principal's evaluation is private information, but she can provide justification by sending a costly cheap-talk message. I show that the principal explains her evaluation to the agent if the evaluation turns out to be...

Persistent link: https://www.econbiz.de/10009569527

Contracting with imperfect commitment and noisy communication

Bester, Helmut; Strausz, Roland - 2004 - Version 1.3, December 2004

commitment. By allowing the principal to use general communication devices we overcome the literature's common, but overly … restrictive focus on one-shot, direct communication. In addition, general communication devices solve two fundamental problems of … the message spaces of the communication device. An example illustrates our arguments and the suboptimality of one …

Persistent link: https://www.econbiz.de/10010361996

Contracting with imperfect commitment and noisy communication

Bester, Helmut; Strausz, Roland - In: Journal of economic theory 136 (2007) 1, pp. 236-259

Persistent link: https://www.econbiz.de/10003552133

Contracting with imperfect commitment and noisy communication

Bester, Helmut; Strausz, Roland - 2003

Persistent link: https://www.econbiz.de/10001768737

On the signal realization set in contracting with information disclosure

Terstiege, Stefan - In: Economics letters 163 (2018), pp. 83-86

Persistent link: https://www.econbiz.de/10011982956

Why have M&A contracts grown? : evidence from twenty years of deals

Coates, John C. - 2016 - This draft: October 28, 2016

Over 20 years, M&A contracts have more than doubled in size – from 35 to 88 single-spaced pages in this paper's font. They have also grown significantly in linguistic complexity – from post-graduate “grade 20” to post-doctoral “grade 30”. A substantial portion (lower bound ~20%) of...

Persistent link: https://www.econbiz.de/10011582006

Secret contracting in multilateral relations

Rey, Patrick; Vergé, Thibaud - 2017

Persistent link: https://www.econbiz.de/10012198712

The sources of financing constraints

Nikolov, Boris; Schmid, Lukas; Steri, Roberto - 2018

models for private firms. Our estimates point to significant financing constraints due to agency frictions and highlight the …

Persistent link: https://www.econbiz.de/10011976900

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