Power Corrupts, but can office enoble?
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.
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