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We study the delegation problem between a principal and an agent, who not only has better information about the … show that limited awareness of actions improves communication in such signalling games: the principal makes a coarser …
Persistent link: https://www.econbiz.de/10012418278
In this paper, we consider a dynamic signaling model of an R&D market in which a researcher can choose either a safe …
Persistent link: https://www.econbiz.de/10011623886
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In a real-effort experiment, we investigate how the timing of discretionary bonuses affects the relationship between workers and managers. Average output is substantially higher if bonuses are paid in the middle rather than upfront or at the end, as workers increase first-period output to signal...
Persistent link: https://www.econbiz.de/10011871948
Persistent link: https://www.econbiz.de/10004800817
In a real-effort experiment, we investigate how the timing of discretionary bonuses affects the relationship between workers and managers. Average output is substantially higher if bonuses are paid in the middle rather than upfront or at the end, as workers increase first-period output to signal...
Persistent link: https://www.econbiz.de/10012915741
This paper addresses the question of delegation in an organisation where there is an initial asymmetry of information … be contracted for. With these simple contracts, we show that delegation is an alternative to contracting to elicit agent … sequence of decisions, the information learned by the principal can be used for the other decisions. So delegation is only …
Persistent link: https://www.econbiz.de/10014151717
We study the role of whistleblowing in the following inspection game. Two agents who compete for a prize can either behave legally or illegally. After the competition, a controller investigates the agents' behavior. This inspection game has a unique (Bayesian) equilibrium in mixed strategies. We...
Persistent link: https://www.econbiz.de/10014077977