Incentive contracts and elections for politicians with multi-task problems

B-Tier
Journal: Journal of Economic Behavior and Organization
Year: 2008
Volume: 68
Issue: 2
Pages: 401-411

Authors (2)

Score contribution per author:

1.005 = (α=2.01 / 2 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

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 this inefficiency. The incentive contract does not require direct information about the performance of the politician and is self-financing across terms.

Technical Details

RePEc Handle
repec:eee:jeborg:v:68:y:2008:i:2:p:401-411
Journal Field
Theory
Author Count
2
Added to Database
2026-01-25