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ability to monitor the actions of the agent at an interim stage of the project. I show that monitoring can induce the agent to … is not a one-way street: Situations exist where monitoring encourages greater effort from the agent, resulting in greater … agent involvement is costly, monitoring is often the optimal strategy; this is an explanation for why venture capital type …
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We study the design of contracts that incentivize experts to collect information and truthfully report it to a decision maker. We depart from most of the previous literature by assuming that the transfers cannot depend on the realized state or on the ex post payoff of the decision maker. The...
Persistent link: https://www.econbiz.de/10013189061
Teacher absenteeism and shirking are common problems in developing countries. While monitoring teachers should … paper provides causal evidence that this might result from non-monotonic effects of monitoring teachers. Cross … extent than in schools where only parents are nudged. Monitoring backfires precisely for teachers who were most motivated at …
Persistent link: https://www.econbiz.de/10012439351
Unemployment insurance agencies may combat moral hazard by punishing refusals to apply to assigned vacancies. However, the possibility to report sick creates an additional moral hazard, since during sickness spells, minimum requirements on search behavior do not apply. This reduces the ex ante...
Persistent link: https://www.econbiz.de/10011418245
loans. This practice has an adverse effect on commercial banks' monitoring incentives, encouraging the pursuit of private …
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