Contracts

My work on contracts studies what drives pay differences between managers and workers, and whether additional information on worker performance helps firms write sharper contracts.

Theory

Employee compensation in synergistic firms (Edmans, Goldstein, Zhu 2013)

How improved information on performance affects incentives (Chaigneau, Edmans, Gottlieb JFE 2018)

How performance signals should affect contracts (Chaigneau, Edmans, Gottlieb RFS 2022)

Informativeness principle without first-order approach (Chaigneau, Edmans, Gottlieb GEB 2019)

When debt is optimal, and when it’s optimal for debt to be performance sensitive (Chaigneau, Edmans, Gottlieb, 2022)