Narrow search
Showing 1 - 10 of 117,033
Cover Image
Performance measure congruity in linear agency models with interactive tasks
Budde, Jörg - 2006 - revised version, November 2006
This note demonstrates how performance measure congruity and noise determine an agency's total surplus within an linear agency framework with multiple tasks. It provides a decomposition of agency costs, leading back to a congruity index previously proposed in the literature. In addition, it...
Persistent link: https://www.econbiz.de/10010383032
Cover Image
The value of delegation in a dynamic agency
Schöndube-Pirchegger, Barbara; Schöndube, Jens Robert - 2009
Persistent link: https://www.econbiz.de/10003933795
Cover Image
Asset management contracts and equilibrium prices
Buffa, Andrea M.; Vayanos, Dimitri; Woolley, Paul - 2014
Persistent link: https://www.econbiz.de/10010416270
Cover Image
Asset management contracts and equilibrium prices
Buffa, Andrea M.; Vayanos, Dimitri; Woolley, Paul - 2014
Persistent link: https://www.econbiz.de/10010416814
Cover Image
Asset management contracts and equilibrium prices
Buffa, Andrea; Vayanos, Dimitri; Woolley, Paul - 2014
Persistent link: https://www.econbiz.de/10010410775
Cover Image
Delegating performance evaluation
Letina, Igor; Liu, Shuo; Netzer, Nick - 2017 - This version: October 2017
We study optimal incentive contracts with multiple agents when performance evaluation is delegated to a reviewer. The reviewer may be biased in favor of the agents, but the degree of the bias is unknown to the principal. We show that a contest, which is a contract in which the principal...
Persistent link: https://www.econbiz.de/10011741744
Cover Image
Relative performance evaluation, sabotage and collusion
Bloomfield, Matthew J.; Marvao, Catarina; Spagnolo, … - 2020
Persistent link: https://www.econbiz.de/10012253970
Cover Image
Performancemessung und Informationsgehalt in einer Agency-Beziehung mit beschränkter Selbstbindungskraft
Schöndube, Jens Robert - 2003
Persistent link: https://www.econbiz.de/10001780374
Cover Image
Internal and external information system choices and mutual interdependencies
Schöndube-Pirchegger, Barbara - 2021
). As firm value is non‐contractible by assumption, an incentive contract is written on accounting income. The manager … with regard to accounting discretion. Third, he needs to specify contracting details. If an internal information system is … environment becomes more volatile. Holding either the IIS choice or the accounting system choice constant, we observe the …
Persistent link: https://www.econbiz.de/10013171065
Cover Image
Job design, learning & intrinsic motivation
Gibbs, Michael - 2021
According to psychologists and neuroscientists, a key source of intrinsic motivation is learning. An economic model of this is presented. Learning may make work less onerous, or the employee may value it in and of itself. Multitasking generates learning: performing one task increases...
Persistent link: https://www.econbiz.de/10012509688