We provide evidence on the match between …rms, managers, and incentives using anew survey that contains information on managers' risk preferences and human capital,on their compensation schemes, and on the …rms they work for. The data is consistentwith the equilibrium correlations predicted by...

Mass media can play a key role in enabling citizens to monitor the actions of incumbents and to use this information in their voting decisions. Thiscan lead to government which is more accountable and responsive to itscitizens’ needs. In spite of the intuitive plausibility of the proposition,...