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In this problem, we study the consequences of relative performance evaluation when agents are altruistic, i.e., they care about other agents' payoffs. There is one
In this problem, we study the consequences of relative performance evaluation when agents are altruistic, i.e., they care about other agents' payoffs. There is one principal and two agents. Agent 1 chooses effort 1 to perform task 1 while Agent 2 chooses effort 2 to perform task 2. Both agents produce noisy, perfectly-correlated output
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International Economics
Authors: Dominick Salvatore
12th edition
9781118955727, 1118955765, 1118955722, 978-1118955765
