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aggregate performance measurement. Due to cost advantages of specialization, assigning the tasks to different agents is … production process. Imperfect performance measurement always lowers profit under multitasking, but may increase profit under …
Persistent link: https://www.econbiz.de/10010329455
. In our model, two tasks contribute to non-verifiable firm value and affect an imperfect performance measure. The tasks …
Persistent link: https://www.econbiz.de/10010305966
The article is concerned with understanding the impact of social preferences and wealth inequality on aggregate economic outcomes. We investigate how different manifestations of other-regarding preferences affect incentive contracts at the microeconomic level and how these in turn translate into...
Persistent link: https://www.econbiz.de/10012287835