Do Elections Always Motivate Incumbents Experimentation Vs Career Concerns PDF Download
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Author | : Mr.Eric Le Borgne |
Publisher | : International Monetary Fund |
Total Pages | : 33 |
Release | : 2003-03-01 |
Genre | : Business & Economics |
ISBN | : 1451847793 |
Download Do Elections Always Motivate Incumbents? Experimentation vs. Career Concerns Book in PDF, ePub and Kindle
This paper studies a principal-agent model of the relationship between an incumbent officeholder and the electorate, where the officeholder is initially uninformed about her ability. If officeholder effort and ability interact in the "production function" that determines performance in office, then an officeholder has an incentive to experiment-that is, raise effort so that performance becomes a more accurate signal of her ability. Elections reduce the experimentation effect, and the reduction in this effect may more than offset the positive "career-concerns" effect of elections on effort. Moreover, when this occurs, appointment of officeholders may Pareto-dominate elections.
Author | : Eric Le Borgne |
Publisher | : |
Total Pages | : 32 |
Release | : 2006 |
Genre | : |
ISBN | : |
Download Do Elections Always Motivate Incumbents? Experimentation vs. Career Concerns Book in PDF, ePub and Kindle
This paper studies a principal-agent model of the relationship between an incumbent officeholder and the electorate, where the officeholder is initially uninformed about her ability. If officeholder effort and ability interact in the production function that determines performance in office, then an officeholder has an incentive to experiment - that is, raise effort so that performance becomes a more accurate signal of her ability. Elections reduce the experimentation effect, and the reduction in this effect may more than offset the positive career-concerns effect of elections on effort. Moreover, when this occurs, appointment of officeholders may Pareto-dominate elections.
Author | : Eric Le Borgne |
Publisher | : |
Total Pages | : 29 |
Release | : 2000 |
Genre | : Political science |
ISBN | : |
Download Do Elections Always Motivate Incumbents? Book in PDF, ePub and Kindle
Author | : Eric Le Borgne |
Publisher | : |
Total Pages | : 21 |
Release | : 2004 |
Genre | : Elections |
ISBN | : |
Download Do Elections Always Motivate Incumbents? Book in PDF, ePub and Kindle
Author | : Mr.Eric Le Borgne |
Publisher | : International Monetary Fund |
Total Pages | : 47 |
Release | : 2003-07-01 |
Genre | : Business & Economics |
ISBN | : 1451856466 |
Download A Political Agency Theory of Central Bank Independence Book in PDF, ePub and Kindle
We propose a theory to explain why, and under what circumstances, a politician gives up rent and delegates policy tasks to an independent agency. We apply this theory to monetary policy by extending a standard dynamic "New-Keynesian" stochastic general equilibrium model. This model gives a new theory of central bank independence that is unrelated to the standard inflation bias problem. We derive several new predictions and show that they are consistent with the data. Finally, we show that while instrument independence of the central bank is desirable, goal independence is not.
Author | : International Monetary Fund |
Publisher | : |
Total Pages | : 432 |
Release | : 2003 |
Genre | : International finance |
ISBN | : |
Download IMF Survey Book in PDF, ePub and Kindle
Author | : |
Publisher | : |
Total Pages | : 444 |
Release | : 2000 |
Genre | : International finance |
ISBN | : |
Download IMF Research Bulletin Book in PDF, ePub and Kindle
Author | : |
Publisher | : |
Total Pages | : 338 |
Release | : 2004 |
Genre | : Economics |
ISBN | : |
Download Artha Suchi Book in PDF, ePub and Kindle
Author | : International Monetary Fund |
Publisher | : |
Total Pages | : 128 |
Release | : 2004 |
Genre | : International finance |
ISBN | : |
Download Publications Catalog Book in PDF, ePub and Kindle
Author | : James N. Druckman |
Publisher | : Cambridge University Press |
Total Pages | : 577 |
Release | : 2011-06-06 |
Genre | : Political Science |
ISBN | : 0521192129 |
Download Cambridge Handbook of Experimental Political Science Book in PDF, ePub and Kindle
This volume provides the first comprehensive overview of how political scientists have used experiments to transform their field of study.