This paper presents a simple principal-supervisor-agent model of the investment game between a supranational player (the principal), such as the European Commission, a regional government (the supervisor), and a private firm (the executing agency) . The EC is a benevolent social welfare...

In this paper we analyze a simple two-sided adverse selection model with one principaland one agent. They are both risk neutral and have private information about their type.We also assume that the private information of the principal is correlated with the one ofthe agent. The main result of...

In this paper we study whether and how the belief that the gender of politicians affects their competence on different issues influences electoral outcomes depending on the salience of those issues. We first propose a theoretical model of issue-specific gender bias in elections which can...