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DTSTART;TZID=Europe/Helsinki:20240313T121500
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SUMMARY:Franz OSTRIZEK (Sciences Po)  -  “Vague by Design: Performance Evaluation and Learning from Wages”
DESCRIPTION:Séminaire Microéconomie : Tous les mercredis\n Heure : 12h15 – 13h30 \nDate : 13/03/2024\nSalle : 3001 \nFranz OSTRIZEK (Sciences Po) – “Vague by Design: Performance Evaluation and Learning from Wages” – \nCV :We study a dynamic principal-agent setting in which both sides learn about the importance of effort. The quality of the agent’s output is not observed directly. Instead\, the principal jointly designs an evaluation technology and a wage schedule. More precise performance evaluation reduces current agency costs but promotes learning\, which is shown to increase future agency costs. As a result\, the optimal evaluation technology is both imprecise and tough: a bad performance is always sanctioned\, but a good one is not always recognized. \n  \nOrganisateurs : \nJulien COMBE (Pôle d’Economie du CREST) \n​​Yves Le YAOUNQ (Pôle d’Economie du CREST) \n​​Matias NUNEZ (Pôle d’Economie du CREST) \nCommanditaires :\n CREST \n
URL:https://crest.science/event/franz-ostrizek-tba-tba/
CATEGORIES:Microeconomics,Seminars
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