Letina, Igor; Liu, Shuo; Netzer, Nick - In: Theoretical economics : TE ; an open access journal in … 15 (2020) 2, pp. 477-509
We study optimal incentive contracts with multiple agents when performance is evaluated by a reviewer. The reviewer may be biased in favor of the agents, but the degree of bias is unknown to the principal. We show that a contest, which is a contract in which the principal fixes a set of prizes...
