This paper examines endgame behavior, specifically the behavior of managers whose primary concern is to retain their jobs. Managers are taken to be of two types, good and bad, and only one manager is randomly selected as the firm’s first-period manager. The manager unobservably chooses the mean and standard deviation (limited by a mean-standard deviation frontier) of the process that generates ...

May 31 is World No Tobacco Day 2015. The day raises an interesting question: is a tobacco endgame possible? The answer, of course, is “it depends.”However, the event provides a reflective opportunity to see just where we are in the extraordinary global battle against the world’s most important preventable health risk. A great deal is in fact happening in pursuit of the endgame, and these effort...