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Campaign contributions as a commitment device

✍ Scribed by Zacharias Maniadis

Publisher: Springer US
Year: 2009
Tongue: English
Weight: 292 KB
Volume: 139
Category: Article
ISSN: 0048-5829
DOI: 10.1007/s11127-009-9394-2

No coin nor oath required. For personal study only.

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## Abstract Can managers' personality traits be of use to profit maximizing firm owners? We investigate the case where managers have a variety of attitudes toward relative performance that are indexed by their type. We consider two stage games where profit maximizing owners select managers in the f