Performance Comparisons and Dynamic Incentives.
It is well known that comparative performance information can enhance efficiency in static principal-agent relationships by improving the trade-off between insurance and incentives in the design of explicit contracts. In dynamic settings, however, there may be implicit as well as explicit incentives...
| Main Authors: | , |
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| Format: | Journal article |
| Language: | English |
| Published: |
University of Chicago Press
1997
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