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, i.e. they have heterogeneous unobservable intrinsic motivation levels. I derive the optimal mechanism (allocation rule …
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agents have unobservable intrinsic motivation levels. I show that the non-contractibility of effort (asymmetric information …
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I examine an agency model where the principal has either a legitimate or an illegitimate motive for revising the incentive contract, whereas the agent does not observe the principal's motive and creates more organizational frictions as he becomes more suspicious that the principal is...
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