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An essential ingredient in models of career concerns is ex ante uncertainty about an agent's type. This paper shows how career concerns can arise even in the absence of any such ex ante uncertainty, if the unobservable actions that an agent takes influence his future productivity. By...
Persistent link: https://www.econbiz.de/10002452300
reasonably approximate real-life decision makers' behavior. Testing this theory with field data is difficult since typically …
Persistent link: https://www.econbiz.de/10002501830