Subjective Performance Evaluations and Reciprocity in Principal-Agent Relations
نویسندگان
چکیده
منابع مشابه
Subjective performance evaluations and reciprocity in principal-agent relations
We conduct a laboratory experiment with agents working on and principals benefiting from a real effort task in which the agents’ performance can only be evaluated subjectively. Principals give subjective performance feedback to agents and agents have an opportunity to sanction principals. In contrast to existing models of reciprocity we find that agents tend to sanction whenever the feedback of...
متن کاملOptimal contracts based on subjective evaluations and reciprocity
As demonstrated in a recent laboratory experiment [see Sebald and Walzl (2014)], individuals tend to sanction others who subjectively evaluate their performance whenever this assessment falls short of the individuals’ self-evaluation. Interestingly, this is the case even if the individuals’ earnings are unaffected by the subjective performance appraisal. Hence, performance feedback which falls ...
متن کاملSubjective Evaluations with Performance Feedback
This paper models two key roles of subjective performance evaluations: their incentive role and their feedback role. The paper shows that the feedback role makes subjective pay feasible even without repeated interaction, as long as there exists some veri able measure of performance. It also shows that while subjective pay is helpful, it cannot achieve full e¢ ciency. However, fully e¢ cient inc...
متن کاملSubjective Performance Evaluations and Employee Careers
Subjective Performance Evaluations and Employee Careers Firms commonly use supervisor ratings to evaluate employees when objective performance measures are unavailable. Supervisor ratings are subjective and data containing supervisor ratings typically stem from individual firm level data sets. For both these reasons, doubts persist on how useful such data are for evaluating theories in personne...
متن کاملInversion Relations, Reciprocity and Polyominoes
We derive self-reciprocity properties for a number of polyomino generating functions, including several families of column-convex polygons, three-choice polygons and staircase polygons with a staircase hole. In so doing, we establish a connection between the reciprocity results known to combinatorialists and the inversion relations used by physicists to solve models in statistical mechanics. Fo...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: The Scandinavian Journal of Economics
سال: 2014
ISSN: 0347-0520
DOI: 10.1111/sjoe.12045