This paper investigates the effects of increased power associated with higher office on the quality of agent performance, within the context of a model in which agents care about what others think of them. They care that is about the esteem they enjoy. The object is to conduct a simple comparative static exercise in the 'economy of esteem', isolating the various dimensions of the relation between office held and esteem-related incentives to perform in a more estimable way.
All Science Journal Classification (ASJC) codes
- Arts and Humanities (miscellaneous)
- Economics and Econometrics