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Subjective Performance Measures in Optimal Incentive Contracts

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NBER1993-09-01 更新2025-01-04 收录
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Objective measures of performance are seldom perfect. In response, incentive contracts often include important subjective components that mitigate incentive distortions caused by imperfect objective measures. This paper explores the combined use of subjective and objective performance measures in

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1993-09-01
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