We examine a setting in which managers have differential career concerns and firm performance is publicly observed using disaggregated measures that are incrementally informative but costly to contract upon. In such a setting, when do firms contract on aggregated rather than disaggregated...

This paper investigates performance measurement in a team production task that involves synergies. Specifically, I ask whether contracting on team performance, rather than on individual performance, is more valuable if a team’s members are better collaborators. The results of this analytical...