Gersbach, Hans; Müller, Markus - C.E.P.R. Discussion Papers - 2012
This paper analyzes optimal re-election bars when incumbents gain socially valuable experience in office. We develop a … two-period model in which the output of a public good depends on an office-holder's effort, ability and experience. When …. Together, these effects outweigh the expected loss of incumbents' acquired experience, which results from their reduced chances …