Performance-based reward schemes for careerists are feasible when the principal observes policy consequences but not implementation details, and the principal-optimal information structure is characterized.
7According to Frankel (2001), more than 30 countries allow for some short-term form of se crecy (quoted from Prat (2005))
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Motivating Careerists
Performance-based reward schemes for careerists are feasible when the principal observes policy consequences but not implementation details, and the principal-optimal information structure is characterized.