Monitoring with career concerns
研究了监督者因职业前景而影响监督动机的连续时间模型，发现代理人会策略性偷懒以阻碍监督，而任期限制可减少偷懒动机。
Abstract We study monitoring in a continuous‐time career concerns model. A monitor oversees an agent and generates verifiable evidence if the agent shirks. The monitor's ability is uncertain and requires costly investment to maintain. Unpunished shirking reveals that the monitor is ineffective, which discourages the monitor from maintaining her ability. The agent shirks strategically to discourage the monitor, because shirking increases the rate of learning. Term limits reduce the incentive to shirk and long‐serving monitors accept bribes to hide evidence.