Ocean, which they controlled and manned. Both empires faced the same problem of monitoring their agents in remote corners of … the world. Each, however, arrived at a different solution to the monitoring problem. I use a principal–agent model to link … different monitoring options to the different organizational structures of the two empires. I further investigate the …

We investigate the relationship between the slope of the wage-tenure profile and the level of monitoring across two … cross sections of matched employer-employee British data. Our theoretical model predicts that increased monitoring leads to …

counterparts. Our results are, on the whole, inconsistent with any form of concentrated institutional monitoring. …

Agency theory assumes that tighter monitoring by the principal should motivate the agent to raise his effort level … real-task laboratory experiment, our results show that principals are not trustful enough to refrain from monitoring the … agents, and most of the agents react to the disciplining effect of monitoring. However we find also some evidence that …

exposition predicts that an increase in total remuneration will elicit a larger cut in optimal monitoring in ‘sharing’ rather …