Denis Shishkin
Description: Franz Ostrizek
bonn (2119) economics (1253) behavioral economics (50) vwl (45) sciences po (23) princeton university (22) volkswirtschaftslehre (18) microeconomic theory (6) briq (2) franz ostrizek (1)
I am an assistant professor at Sciences Po and a research affiliate at briq. Before joining Sciences Po, I received a PhD at Princeton University and spent two years as a postdoc at briq and University of Bonn. My research interests are in microeconomic theory and behavioral economics.
Why wouldn't a firm gather and use all information about worker performance?
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
Denis Shishkin