CAREER CONCERNS, MATCHING, AND OPTIMAL DISCLOSURE POLICY*
نویسندگان
چکیده
منابع مشابه
Career Concerns and Policy Intransigence
I investigate why a political leader (manager) may be reluctant to abandon her chosen project, when she is concerned both about social welfare and the electorate’s (shareholders’) beliefs about her ability. The quality of the project is correlated with her ability, and there is ex ante symmetric information. However, news regarding the project arrives gradually over time and is privately observ...
متن کاملCareer Concerns and Policy Experimentation under Decentralization∗
We examine policy experimentation in an electoral environment with imperfect information. The voters face both uncertainty about the competency of policymakers as well as a lack of transparency of policymakers’ actions. The outcome of experimental policies serves as a noisy signal of politicians’ competency, and voters reelect those they believe to be competent. This creates career concerns lik...
متن کاملOptimal policy with credibility concerns
This paper considers a reputation model of optimal taxation in which the public is unsure about the government type. A long-lived government can be trustworthy (meaning that it commits to its announced tax rate) or opportunistic (meaning that it retains the ability to change its tax rate after announcing it). Unlike in most prior studies, the committed strategy in this model is optimally chosen...
متن کاملCareer Patterns and Career Concerns
This paper develops a model of career concerns. As in Holmström (1999), a worker’s productive abilities are revealed over time through output, and wages are based on expected output, and so on assessed ability. Specifically, work increases the probability that a skilled worker achieves an observable breakthrough. It is shown that effort at different times are strategic substitutes. As as result...
متن کاملCareer Concerns and Career Choice ∗
In many industries workers face a choice between high and low visibility jobs. The former let all potential employers observe performance, the latter only the current employer. This paper argues that workers getting a positive initial signal about their talent are willing to incur costs to work in high visibility jobs in order to avoid a hold up problem with the current employer in the second p...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: International Economic Review
سال: 2008
ISSN: 0020-6598
DOI: 10.1111/j.1468-2354.2008.00511.x