Should politicians be allowed to reveal whether policy outcomes were caused by
government agencies or should they always take responsibility? To answer this question …

Political leaders often take one of two approaches when policy outcomes go wrong. One,
they attribute blame to bureaucratic agencies. Two, they stay quiet or even accept …

Market wages reflect expected productivity conditional on signals of past performance and
past experience. These signals are generated at least partially on the job and create …

In this study, we analyze a simple moral hazard model in which a risk-neutral agent has
career concerns and is protected by limited liability. The agent cares about both career …