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| Author: | Dewatripont, M. Jewitt, J. Tirole, J. |
| Title: | The economics of career concerns, part I: comparing information structures |
| Journal: | Review of Economic Studies
1999 : JAN, VOL. 66:1(226), p. 183-198 |
| Index terms: | ECONOMICS CAREERS INFORMATION |
| Language: | eng |
| Abstract: | Many incentives in organizations arise not through explicit formal incentive contracts but rather implicitly through career concerns. This paper models career concerns through agents trying to manipulate the market assessment of their future productivity. The information flow from current actions to market assessment is therefore crucial in determining the nature of these incentives. Improved information may either increase or reduce incentives. The impact of information provides a major distinction between the explicit and implicit incentives model. |
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