and not on the public signal. Nonetheless, public information is valuable as it facilitates truthful subjective evaluation …

and not on the public signal. Nonetheless, public information is valuable as it facilitates truthful subjective evaluation …

Theorie abgeleiteten Hypothesen. Internetmärkte bieten dafür eine nützliche Umgebung. Aufgrund der offensichtlichen …

Should principals explain and justify their evaluations? In this paper the principal's evaluation is private … evaluation to the agent if the evaluation turns out to be bad. The justification assures the agent that the principal has not … distorted the evaluation downwards. In equilibrium, the wage increases in the agent's performance, when the principal justifies …

? 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 … employee's performance was poor. The justification assures the employee that the manager has not distorted the evaluation …