Koch, Alexander K.; Morgenstern, Albrecht; Raab, Philippe - School of Economics and Management, University of Aarhus - 2009
SCHOOL OF ECONOMICS AND MANAGEMENT
ECONOMICS WORKING PAPER 2009-1
Career concerns … Ministry of Finance or the Allianz Insurance Company.
†a corresponding author: School of Economics and Management, Aarhus … ability level1 a ∈ {0,1,2,...,19},
which is unobservable both to the manager and the principals. What is common knowledge is …