摘要：In the standard efficiency wage model, the monitoring level chosen by firms is exogenous and observable. In thispaper, the level of monitoring is endogenized—chosen by firms and unobserved by workers. As a result, firms have anincentive to decrease the monitoring of employees for any given beliefs among workers about the chosen level ofmonitoring. We show that sufficiently patient firms are able to retain some control over the monitoring level. We alsoshow that high-tech firms monitor their workers more and demand a higher level of effort than do low-tech firms.
