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We study the impact of monitoring in a workplace context where both firms and employees are unable to perfectly observe … the individual worker contribution to total output. Therefore, in our setting monitoring is not aimed at reducing … monitoring. Workers' stance towards monitoring is ambiguous and depends on risk aversion and the disutility of effort. Our …
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From a theoretical point of view, result-based agri-environmental payments are clearly preferable to action-based payments. However, they suffer from two major practical disadvantages: costs of measuring the results and payment uncertainty for the participating farmers. In this paper, we propose...
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