emerging economies. We show that governments in emerging economies are more concerned about their reputation and tend to ride … that would help prevent potential crises. We provide evidence of the relevance of this reputation mechanism. …

equilibria share some features with the ones of multi-sided reputation models. …

This paper considers the effects of an interim performance evaluation on the decision of a principal to delegate … decision authority and to increase their wages in later periods (in case of public evaluation). We show that the principal … always profits from a private evaluation while a public evaluation is only beneficial if the corresponding wage effects are …