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  • Search: subject:"Elections Incentive contracts Multi-task problems"
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Elections Incentive contracts Multi-task problems 1
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Gersbach, Hans 1 Liessem, Verena 1
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Journal of Economic Behavior & Organization 1
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Incentive contracts and elections for politicians with multi-task problems
Gersbach, Hans; Liessem, Verena - In: Journal of Economic Behavior & Organization 68 (2008) 2, pp. 401-411
We consider a model with a politician facing a multi-task problem while in office. The reelection mechanism distorts the allocation of effort in favor of tasks whose outcomes can be measured more precisely than others. We show that a combination of elections and incentive contracts can alleviate...
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