Breakthroughs, Deadlines, and Self-Reported Progress: Contracting for Multistage Projects

We study the optimal incentive scheme for a multistage project in which the agent privately observes intermediate progress. The optimal contract involves a soft deadline wherein the principal guarantees funding up to a certain date—if the agent reports progress at that date, then the principal gives him a relatively short hard deadline to complete the project—if progress is not reported at that date, then a probationary phase begins in which the project is randomly terminated at a constant rate until progress is reported. We explore several variants of the model with implications for optimal project design. In particular, we show that the principal benefits by imposing a small cost on the agent for submitting a progress report or by making the first stage of the project somewhat “harder” than the second. (JEL D82, D86, G32)

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Spectrophotometric measurements of objective-prism spectra

Symposium - International Astronomical Union ◽

10.1017/s007418090005333x ◽

1966 ◽

Vol 24 ◽

pp. 118-119

Author(s):

Th. Schmidt-Kaler

Keyword(s):

Progress Report ◽

Two Dimensional ◽

Objective Prism ◽

Made In

I should like to give you a very condensed progress report on some spectrophotometric measurements of objective-prism spectra made in collaboration with H. Leicher at Bonn. The procedure used is almost completely automatic. The measurements are made with the help of a semi-automatic fully digitized registering microphotometer constructed by Hög-Hamburg. The reductions are carried out with the aid of a number of interconnected programmes written for the computer IBM 7090, beginning with the output of the photometer in the form of punched cards and ending with the printing-out of the final two-dimensional classifications.

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Progress report on 21-cm observations at low latitude between longitudes (l 11) 0° and 66°

Symposium - International Astronomical Union ◽

10.1017/s0074180900100907 ◽

1967 ◽

Vol 31 ◽

pp. 177-179

Author(s):

W. W. Shane

Keyword(s):

Preliminary Report ◽

Progress Report ◽

Galactic Centre ◽

Low Latitude ◽

The Third ◽

Introductory Lecture ◽

Centre Region

In the course of several 21-cm observing programmes being carried out by the Leiden Observatory with the 25-meter telescope at Dwingeloo, a fairly complete, though inhomogeneous, survey of the regionl11= 0° to 66° at low galactic latitudes is becoming available. The essential data on this survey are presented in Table 1. Oort (1967) has given a preliminary report on the first and third investigations. The third is discussed briefly by Kerr in his introductory lecture on the galactic centre region (Paper 42). Burton (1966) has published provisional results of the fifth investigation, and I have discussed the sixth in Paper 19. All of the observations listed in the table have been completed, but we plan to extend investigation 3 to a much finer grid of positions.

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