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Maxime Menuet (Cerdi)

Publié le 29 novembre 2018 Mis à jour le 30 novembre 2018
Date
Le 04 décembre 2018 De 12:30 à 13:15
Lieu :Pôle Tertiaire - Site La Rotonde - 26 avenue Léon Blum - 63000 Clermont-Ferrand
Lieu(x)
Pôle Tertiaire - Site La Rotonde - 26 avenue Léon Blum - 63000 Clermont-Ferrand
Salle 210

Séminaire

Reputation and the "Need for Enemies"

Résumé

Reputation to be competent in solving some problem is useful only if the problem remains in the future. Hence, the incentive to keep the “enemy” alive: an agent may do wrong in his job precisely because he is competent. The paper develops this
mechanism in a general career concerns framework, and shows that a tradeoff between reputation and the need for enemies emerges. As a result, agents are induced to produce only moderate effort and only moderately-skilled agents are likely to be
appointed. Implications of the analysis are discussed in a multitasking environment with incomplete transparency. Some evidences in principal-agent relationships and political arena are presented to illustrate our theory.

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