Millner, Antony; Ollivier, Helene; Simon, Leo - Centre d'Économie de la Sorbonne, Université Paris 1 … - 2014
different beliefs about how policy choices will map into future economic outcomes. We show that when the incumbent party can … endogenously influence whether learning occurs through its policy choices (policy experimentation), future political competition …-serving behavior by political parties, but rather stems from their differing beliefs about the consequences of their actions. …