Targets and resources: a screening perspective
(2016)
Journal Article
Sikdar. (2016). Targets and resources: a screening perspective. Managerial and Decision Economics, 471-489. https://doi.org/10.1002/mde.2798
To secure funding for a project, an agent (informed about the project's type) announces a target output. The principal provides more generous resources for high targets but makes compensation tied to performance relative to the projection. The incent... Read More about Targets and resources: a screening perspective.