Blar i Discussion papers (SAM) på emneord "Relational contracts, non-verifiable performance measures, first-order approach, bonus scheme, informativeness criterions"
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Relational Incentive Contracts and Performance Measurement.
(DP SAM;7/2018, Working paper, 2018-04)This paper analyzes relational contracts under moral hazard. We first show that if the available information (signal) about effort satisfies a generalized monotone likelihood ratio property, then irrespective of whether ...