Most results in the comparative sta tics of risk aversion are obtained when there is only one source of uncertainty. The primary example is that more risk-averse people are willing to pay a higher premium of insuring against risk. It is known that the results do notgenerally carry over when...

This paper uses a simple multitask career concern model in order to analyze the incentives of government agency officials. Incentives are impaired by the agency pursuing multiple missions. A lack of focus is even more problematic in the case of fuzzy missions, that is when outsiders are...

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...