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 …

. In our model, two tasks contribute to non-verifiable firm value and affect an imperfect performance measure. The tasks …

Incentives for managers are often provided by offering them performance-based compensation schemes. The efficiency of … such monetary compensations, however, depends on several factors, among them the quality of the employed performance … univocal, but depends on the quality of the employed performance measure. In this regard, it contributes to explaining the …