FU, Qiang; LI, Ming - Centre Interuniversitaire de Recherche en Économie … - 2010
. The politician decides whether to maintain the status quo or to conduct a risky reform. The success of the reform … his policy choice and the outcome of the reform, and forms a posterior on the true ability of the politician. We show that … politicians may engage in socially detrimental reform in order to be perceived as more capable. Conservative institutions that …