Blar i Department of Economics på emneord "Agency problems, performance measurement, informativeness criterion, signal orderings"
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Performance Measurement in Agency Models
(DP SAM;05/2019, Working paper, 2019-02-25)This note explores how to evaluate an agent’s performance in standard incentive contracts. We show that the MPS criterion proposed by Kim (1995) becomes a tight condition for one performance measurement system to be more ...