Monitoring, moral hazard, and turnover
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| 003 | CHVBK | ||
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| 008 | 210128e20150201xx s 000 0 eng | ||
| 024 | 7 | 0 | |a 10.1007/s00199-014-0823-1 |2 doi |
| 035 | |a (NATIONALLICENCE)springer-10.1007/s00199-014-0823-1 | ||
| 100 | 1 | |a Rothert |D Jacek |u Department of Economics, United States Naval Academy, 589 McNair Road, 21402, Annapolis, MD, USA |4 aut | |
| 245 | 1 | 0 | |a Monitoring, moral hazard, and turnover |h [Elektronische Daten] |c [Jacek Rothert] |
| 520 | 3 | |a I studied the effects of monitoring on political turnover, when the politicians' early actions affect future economic outcomes. I considered an infinite-horizon environment, where the expectation about the potential successor's policy is endogenous. As a result, the incentive to replace the incumbent is endogenous. In a stationary Markov equilibrium, the relationship between monitoring and turnover is non-monotone. The model sheds light on dynamic agency problems when the agent's initial effort has persistent effects, and on the role of reputation in models with endogenous turnover. | |
| 540 | |a Springer-Verlag Berlin Heidelberg (Outside the USA), 2014 | ||
| 690 | 7 | |a Learning |2 nationallicence | |
| 690 | 7 | |a Reputation |2 nationallicence | |
| 690 | 7 | |a Political instability |2 nationallicence | |
| 690 | 7 | |a Principal-agent |2 nationallicence | |
| 773 | 0 | |t Economic Theory |d Springer Berlin Heidelberg |g 58/2(2015-02-01), 355-374 |x 0938-2259 |q 58:2<355 |1 2015 |2 58 |o 199 | |
| 856 | 4 | 0 | |u https://doi.org/10.1007/s00199-014-0823-1 |q text/html |z Onlinezugriff via DOI |
| 898 | |a BK010053 |b XK010053 |c XK010000 | ||
| 900 | 7 | |a Metadata rights reserved |b Springer special CC-BY-NC licence |2 nationallicence | |
| 908 | |D 1 |a research-article |2 jats | ||
| 949 | |B NATIONALLICENCE |F NATIONALLICENCE |b NL-springer | ||
| 950 | |B NATIONALLICENCE |P 856 |E 40 |u https://doi.org/10.1007/s00199-014-0823-1 |q text/html |z Onlinezugriff via DOI | ||
| 950 | |B NATIONALLICENCE |P 100 |E 1- |a Rothert |D Jacek |u Department of Economics, United States Naval Academy, 589 McNair Road, 21402, Annapolis, MD, USA |4 aut | ||
| 950 | |B NATIONALLICENCE |P 773 |E 0- |t Economic Theory |d Springer Berlin Heidelberg |g 58/2(2015-02-01), 355-374 |x 0938-2259 |q 58:2<355 |1 2015 |2 58 |o 199 | ||