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employee's performance was poor. The justification assures the employee that the manager has not distorted the evaluation …? Suppose a manager's evaluation is private information. Justifying her evaluation is costly but limits the principal's scope … for distorting her evaluation of the employee. I show that the manager justifies her evaluation if and only if the …
Persistent link: https://www.econbiz.de/10011930440
evaluation to the agent if the evaluation turns out to be bad. The justification assures the agent that the principal has not … her evaluation. For good performance, however, the principal pays a constant high wage without justification. Furthermore …Should principals explain and justify their evaluations? In this paper the principal's evaluation is private …
Persistent link: https://www.econbiz.de/10009569527
explain her evaluation to the agent if and only if the evaluation turns out to be bad. The justification guarantees the agent …Should principals explain and justify their evaluations? In this paper the principal's evaluation is private … that the principal has not distorted the evaluation downwards. On the equilibrium path, as long as the principal provides a …
Persistent link: https://www.econbiz.de/10010323871
employee’s performance was poor. The justification assures the employee that the manager has not distorted the evaluation …? Suppose a manager’s evaluation is private information. Justifying her evaluation is costly but limits the principal’s scope … for distorting her evaluation of the employee. I show that the manager justifies her evaluation if and only if the …
Persistent link: https://www.econbiz.de/10014176641
employee’s performance was poor. The justification assures the employee that the manager has not distorted the evaluation …? Suppose a manager’s evaluation is private information. Justifying her evaluation is costly but limits the principal’s scope … for distorting her evaluation of the employee. I show that the manager justifies her evaluation if and only if the …
Persistent link: https://www.econbiz.de/10013315592
evaluation indicates bad performance. The justification assures the agent that the principal has not distorted the evaluation …Should principals explain and justify their evaluations? Suppose the principal's evaluation is private information, but … she can provide justification by sending a costly cheap-talk message. If she does not provide justification, her message …
Persistent link: https://www.econbiz.de/10010398669
Persistent link: https://www.econbiz.de/10012131478
Subjective evaluations are widely used, but call for different contracts from traditional moral-hazard settings. Previous literature shows that contracts require payments to third parties, which real-world contracts rarely use. I show that the implicit assumption of deterministic contracts makes...
Persistent link: https://www.econbiz.de/10012697032
Subjective evaluations are widely used, but call for different contracts from classical moral-hazard settings. Previous literature shows that contracts require payments to third parties. I show that the (implicit) assumption of deterministic contracts makes payments to third parties necessary....
Persistent link: https://www.econbiz.de/10014458796
employee\'s performance was poor. The justification assures the employee that the manager has not distorted the evaluation …? Suppose a manager\'s evaluation is private information. Justifying her evaluation is costly but limits the principal\'s scope … for distorting her evaluation of the employee. I show that the manager justifies her evaluation if and only if the …
Persistent link: https://www.econbiz.de/10011932985