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 …

discrete bonuses after they do sufficiently well. By adjusting monitoring intensity and communication of performance, the …

the disclosure of information. The principal aims at maximizing the (discounted) number of times the agent chooses the …

This paper studies the effect of disclosing conflicts of interests on strategic communication when the sender has lying … costs. I present a simple economic channel under which such disclosure often leads to more biased messages. This hurts … receivers who are naive or delegate their choice while rational receivers benefit from disclosure. The results hold …

We analytically study the economic consequences of the disclosure of managerial compensation contracts in a setting …. Each manager is privately informed about her firm's profitability from this investment. We find that the disclosure leads … not disclosed; under this regime, equilibrium contracts only focus on long-term outcomes. Moreover, while disclosure …

about the asset? How do the disclosure rules of contract law influence the investigation decision? Shavell (1994) showed … rule, which requires disclosure of material information, but only after the contract is concluded. We show that this rule … can be more efficient than both voluntary disclosure and mandatory (pre-contract) disclosure …

investigates this strategic use of vagueness in voluntary disclosure and asks whether there is scope for policy to improve … sophistication. Imposing precise disclosure leads to more easily interpretable messages, but results in fewer sender types disclosing … at all. Since non- disclosure also systematically misleads naive receivers, the welfare implications of imposing …