Search Results for Career Concerns

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This paper proposes a theory to explain why a politician delegates policy tasks to a technocrat...

We propose a theory to explain why, and under what circumstances, a politician gives up rent and...

This paper studies a principal-agent model of the relationship between an incumbent officeholder...

The paper surveys the characteristics of explicit systems of deposit insurance in 68 countries....

The paper shows that a coinsurance arrangement among countries can, in principle, play a useful...

Derivatives are few and far between in countries where the compatibility of financial...