Showing 1 - 10 of 44
-world monitoring data, we calculate the VoI of monitoring nitrogen, which is used as an indicator of the ecological state of water body …
Persistent link: https://www.econbiz.de/10014290217
sequencing of benefits), monitoring in conjunction with sanctions, and workfare. Our reading of the theoretical literature is …
Persistent link: https://www.econbiz.de/10010315692
of improving the efficiency of UI: the duration of benefit payments, monitoring in conjunction with sanctions, and … monitoring and sanctions restores search incentives most effectively, since it brings additional incentives to search actively so … monitoring and sanctions than in the other two systems. Workfare appears to be inferior to the other two systems. …
Persistent link: https://www.econbiz.de/10010315950
monitoring is costly governance is imperfect. If managerial hedging is detected, shareholders can seize the payoffs of the … poorly, (ii) the more costly monitoring is, the more sensitive is the manager's compensation to firm performance, and (iii … revealed by monitoring. …
Persistent link: https://www.econbiz.de/10010261074
the shapes of contracts and the amount of monitoring. Equity-like contracts and excessive monitoring emerge when … principals are able to coordinate monitoring or verify each others? monitoring efforts. When this is not possible, free riding in … monitoring weakens the incentive to monitor, so that flat payments, debt-like contracts and very low levels of monitoring appear …
Persistent link: https://www.econbiz.de/10010261310
charge of project selection and the supervisory board is in charge of monitoring. We consider the case in which the large …
Persistent link: https://www.econbiz.de/10010261334
gather information on investment projects. The initial owner has two tasks: monitoring the manager and supervising project … choice. Optimality would require a large ownership stake for monitoring but a small stake for not interfering with managerial …. The large shareholder retains full ownership of the firm but monitoring, and the resulting firing policy, are distorted …
Persistent link: https://www.econbiz.de/10010270637
. Finally, as an extension, we endogenize intermediation, in the form of monitoring, and show that it may be oversupplied in …
Persistent link: https://www.econbiz.de/10010274744
job search is verified. The threat of monitoring increases transitions to employment, but of lower quality. In the less …
Persistent link: https://www.econbiz.de/10010274803
When the information used by a principal to monitor an agent is private, and thus non-verifiable by a third party, the principal has a credibility issue with the agent. The agent should be concerned that the principal could misrepresent the information in order to collect a monetary penalty from...
Persistent link: https://www.econbiz.de/10010328839