Getting it done : dynamic incentives to complete a project ∗

@inproceedings{Mason2014GettingID,
  title={Getting it done : dynamic incentives to complete a project ∗},
  author={Robin Mason and Juuso V{\"a}lim{\"a}ki},
  year={2014}
}
A principal wants an agent to complete a project. The agent undertakes unobservable effort, which affects in each period the probability that the project is completed. We characterise the contracts that the principal sets, with and without commitment. With full commitment, the contract involves the agent’s value and wage declining over time, in order to… CONTINUE READING