Many incentives in organizations arise not through explicit formal incentive contracts but rather implicitly through career concerns. This paper models career concerns through agents trying to manipulate the market assessment of their future productivity. The information flow from current...

This paper analyzes contracts as means of strategic commitment against outside parties. It considers the ex ample of an incumbent firm that enters a contractual relationship wit h its workers in order to deter entry. The parties cannot precommit n ot to renegotiate the contract once entry has...

This paper uses a simple multitask career concern model in order to analyze the incentives of government agency officials. Incentives are impaired by the agency pursuing multiple missions. A lack of focus is even more problematic in the case of fuzzy missions, that is when outsiders are...