Showing 1 - 5 of 5
Persistent link: https://www.econbiz.de/10001168712
We study the optimal incentive scheme for a multistage project in which the agent privately observes intermediate progress. The optimal contract involves a "soft deadline" wherein the principal guarantees funding up to a certain date -- if the agent reports progress at that date, then the...
Persistent link: https://www.econbiz.de/10012972023
Persistent link: https://www.econbiz.de/10011642789
Persistent link: https://www.econbiz.de/10014558641
Persistent link: https://www.econbiz.de/10013186838