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BEGIN:VEVENT
DTSTAMP:20260613T131706Z
DTSTART;VALUE=DATE-TIME:20260527T160000
DTEND;VALUE=DATE-TIME:20260527T173000
SUMMARY:CRETA Seminar - Rohit Lamba (Cornell)
TZID:Europe/London
UID:20260527-8ac672c59d1fb7fa019d24ad4c871f23@warwick.ac.uk
CREATED:20260522T101209Z
DESCRIPTION:Title: Accountability without Saints Abstract: Can the power 
 to replace leaders sustain good governance when no leader is intrinsical
 ly motivated? I study a dynamic accountability game in which an evaluato
 r retains or replaces an incumbent based on public performance reports. 
 When at least one type governs well by nature\, Bayesian learning select
 s for good leaders. Without such "saints\," accountability collapses: ac
 cumulated trust erodes the evaluator's willingness to replace\; career i
 ncentives vanish\, and no coherent equilibrium sustains effort. Committe
 d periodic review\, that is\, a fixed rule that holds every incumbent to
  the same standard regardless of reputation\, restores positive governan
 ce by preserving career incentives across terms. The governance frontier
 \, the best achievable governance under such rules\, falls short of what
  saints achieve and is characterized in closed form. The impossibility e
 xtends beyond the baseline finite-signal model to Gaussian signals\, sug
 gesting the trust trap is a general feature of Bayesian accountability.
LOCATION:S2.79
CATEGORIES:CRETA Seminar
LAST-MODIFIED:20260522T101209Z
ORGANIZER;CN=Gill Gudger:
END:VEVENT
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