Term Length and the Quality of Appointment
AbstractConsider a principal who appoints an agent. Let the agent potentially serve for a sufficiently long time that one principal is replaced by another over this period. Suppose also that the quality of the agent appointed increases with the effort the incumbent principal devotes to hiring. Then the quality of the appointment may increase with the length of the agent's term.
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Bibliographic InfoPaper provided by California Irvine - School of Social Sciences in its series Papers with number 00-04.
Length: 14 pages
Date of creation: 2000
Date of revision:
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Postal: UNIVERSITY OF CALIFORNIA IRVINE, SCHOOL OF SOCIAL SCIENCES, IRVINECALIFORNIA 91717 U.S.A.
WORKERS ; LABOUR RELATIONS;
Other versions of this item:
- J53 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining - - - Labor-Management Relations; Industrial Jurisprudence
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