Koch, Alexander K.; Morgenstern, Albrecht; Raab, Philippe - In: Journal of Economic Behavior & Organization 72 (2009) 1, pp. 571-588
Holmström's [Holmström, B., 1982/1999. Managerial incentive problems: a dynamic perspective. Review of Economic Studies 66, 169-182. Originally published in: Essays in Economics and Management in Honour of Lars Wahlbeck, Helsinki] career concerns model has become a workhorse for analyzing...