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- W4283385561 abstract "I study how an organization should manage a project of uncertain scope, when it is advised by a privately informed expert who prefers to prolong his employment. The optimal long-term contract combines a deadline for project completion and incentive payments which decline as the deadline approaches. When the firm can additionally learn about the project's state from output, the optimal deadline exhibits variable sensitivity to output, with a hard deadline at the outset of the project and increasingly soft deadlines as the project's performance declines. (JEL D21, D82, D86, G31, J33, M52, M54)" @default.
- W4283385561 created "2022-06-25" @default.
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- W4283385561 date "2022-03-01" @default.
- W4283385561 modified "2023-09-26" @default.
- W4283385561 title "Designing Deadlines" @default.
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- W4283385561 doi "https://doi.org/10.1257/aer.20200212" @default.
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