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information, but she can provide justification by sending a costly cheap-talk message. I show that the principal explains her … evaluation to the agent if the evaluation turns out to be bad. The justification assures the agent that the principal has not … her evaluation. For good performance, however, the principal pays a constant high wage without justification. Furthermore …
Persistent link: https://www.econbiz.de/10009569527
she can provide justification by sending a costly cheap-talk message. If she does not provide justification, her message … evaluation indicates bad performance. The justification assures the agent that the principal has not distorted the evaluation … performance, however, the principal pays a constant high wage without justification. …
Persistent link: https://www.econbiz.de/10010361447
employee's performance was poor. The justification assures the employee that the manager has not distorted the evaluation … downwards. For good performance, however, the manager pays a constant high wage without justification. The empirical literature …
Persistent link: https://www.econbiz.de/10011930440
she can provide justification by sending a costly cheap-talk message. If she does not provide justification, her message … evaluation indicates bad performance. The justification assures the agent that the principal has not distorted the evaluation … performance, however, the principal pays a constant high wage without justification. …
Persistent link: https://www.econbiz.de/10010398669
Should principals explain and justify their evaluations? Suppose the principal's evaluation is private information, but she can provide justication by sending a costly cheap-talk message. If she does not provide justication, her message space is restricted, but the message is costless. I show...
Persistent link: https://www.econbiz.de/10010755388
she can provide justification by sending a costly cheap-talk message. If she does not provide justification, her message … evaluation indicates bad performance. The justification assures the agent that the principal has not distorted the evaluation … performance, however, the principal pays a constant high wage without justification. …
Persistent link: https://www.econbiz.de/10010781550
employee\'s performance was poor. The justification assures the employee that the manager has not distorted the evaluation … downwards. For good performance, however, the manager pays a constant high wage without justification. The empirical literature …
Persistent link: https://www.econbiz.de/10011932985
employee’s performance was poor. The justification assures the employee that the manager has not distorted the evaluation … downwards. For good performance, however, the manager pays a constant high wage without justification. The empirical literature …
Persistent link: https://www.econbiz.de/10013315592
employee’s performance was poor. The justification assures the employee that the manager has not distorted the evaluation … downwards. For good performance, however, the manager pays a constant high wage without justification. The empirical literature …
Persistent link: https://www.econbiz.de/10014176641
I analyze how a firm should elicit advice from an expert on when to terminate a project with a stochastic lifespan. The firm cannot directly observe the project's lifespan, but imperfectly monitors its current state by observing incremental output. The expert directly observes the state of the...
Persistent link: https://www.econbiz.de/10012922810