This paper considers an environment where two principals sequentially contract with a common agent and studies the exchange of information between the two bilateral relationships. We show that when (a) the upstream principal is not personally interested in the decisions taken by the downstream...

We show how nonsymmetric politicization can rise in a democracy where voters are distributed across several ex-ante symmetric sectors. The voters are uncertain about the administrative ability of an elected official. they observe the quality of her performance, which depends on her ability and...

An absorbing game is a repeated game where some of the action combinations are absorbing, in the sense that whenever they are played, there is a positive probability that the game terminates, and the players receive some terminal payoff at every future stage. We prove that every n-player...