search query: @author Bogetoft, P. / total: 5
reference: 4 / 5
| Author: | Bogetoft, P. |
| Title: | Parallelism in information production: moral hazard and relative performance evaluations |
| Journal: | Management Science
1993 : APR, VOL. 39:4, p. 448-457 |
| Index terms: | MORAL HAZARD PERFORMANCE APPRAISAL INFORMATION |
| Language: | eng |
| Abstract: | The author analyses how to design incentive schemes for agents producing information. The agents may, for example , be division managers, market researchers, OR consultants, financial analysts, corporate auditors, research scientists or political pollsters. The author shows that an agent should be compensated more for making a correct rather than an incorrect prediction, and for agreeing rather than disagreeing with colleagues. Depending on the environment, correctness should be compensated more or less than agreement. |
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