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We develop a simple two period model to study the importance of motivational differences among politicians in describing the role of elections and explaining policy choices. In our model, politicians differ in their motives of running public office. Good politicians care about policies while bad...
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Is electoral competition good for political selection? To address this issue, we introduce a theoretical model in which ideological parties select candidates between party loyalists and experts, and allocate them into the electoral districts. Non-ideological voters, who care about national and...
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Verträge sollen die durch die Wahl ausgeübte Kontrolle der Politiker unterstützen.Es werden zwei Arten von Anreizverträgen …Die Dissertation untersucht mit spieltheoretischen Methoden das Potential von Anreizverträgen für Politiker. Diese … betrachtet: a) monetäre Anreizverträge, die den Politiker belohnen, falls er wiedergewählt wurde; b) Schwellenverträge, die das …
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As the performance of long-term projects is not observable in the short run politicians may pander to public opinion. To solve this problem, we propose a triple mechanism involving political information markets, reelection threshold contracts, and democratic elections. An information market is...
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The absence of the deselection threat in incumbents’ last term in office can be negative or positive for society. Some politicians may reduce their efforts, while others may pursue beneficial long-term policies that may be unpopular in the short term. We propose a novel pension system that...
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