Sustainability and efficiency are potentially conflicting social objectives in natural resource management. We propose … determines the maximal tenure length guaranteeing that the sustainability goal is obeyed for sure over the entire period. In …

? Suppose a manager’s evaluation is private information. Justifying her evaluation is costly but limits the principal’s scope … for distorting her evaluation of the employee. I show that the manager justifies her evaluation if and only if the … employee’s performance was poor. The justification assures the employee that the manager has not distorted the evaluation …

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

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 …

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 …