The declining talent pool of government.
We consider a government for which success requires high performance by talented ministers. A leader provides incentives to her ministers by firing those who fail. However, the consequent turnover drains a finite talent pool of potential appointees. The severity of the optimal firing rule and minist...
| Main Authors: | , |
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| Format: | Journal article |
| Language: | English |
| Published: |
Wiley-Blackwell
2010
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