Incentive contracts and elections for politicians with multi-task problems
We consider a model with a politician facing a multi-task problem while in office. The reelection mechanism distorts the allocation of effort in favor of tasks whose outcomes can be measured more precisely than others. We show that a hierarchy of elections and incentive contracts can alleviate this...
Gespeichert in:
| Hauptverfasser: | , |
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| Dokumenttyp: | Book/Monograph Arbeitspapier |
| Sprache: | Englisch |
| Veröffentlicht: |
[S.l.]
SSRN
2004
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| DOI: | 10.2139/ssrn.243518 |
| Online-Zugang: | Verlag, kostenfrei: https://ssrn.com/abstract=243518 Resolving-System, kostenfrei: https://doi.org/10.2139/ssrn.243518 
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| Verfasserangaben: | Hans Gersbach, Verena Liessem |
| Zusammenfassung: | We consider a model with a politician facing a multi-task problem while in office. The reelection mechanism distorts the allocation of effort in favor of tasks whose outcomes can be measured more precisely than others. We show that a hierarchy of elections and incentive contracts can alleviate this inefficiency, although the incentive contracts need to be based on the same information available to the voters at reelection date |
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| Beschreibung: | Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments September 2003 erstellt |
| Beschreibung: | Online Resource |
| DOI: | 10.2139/ssrn.243518 |
| Zugangseinschränkungen: | Open Access |