| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP4652 |
| DP4652 The International Business Cycle in a Changing World: Volatility and the Propagation of Shocks in the G-7 | |
| Michael Artis; Denise Osborn; Pedro Perez-Vazquez | |
| 发表日期 | 2004-10-23 |
| 出版年 | 2004 |
| 语种 | 英语 |
| 摘要 | This Paper studies a principal-agent model of the relationship between officeholder and an electorate, where everyone is initially uninformed about the officeholder?s ability. If office-holder effort and ability interact in the determination of performance in office, then an office-holder has an incentive to learn, i.e., raise effort so that performance becomes a more accurate signal of their ability. Elections reduce the learning effect, and the reduction in this effect may more than offset the positive ?re-election concerns? effect of elections on effort, implying higher effort with appointment. When this occurs, appointment of officials may welfare-dominate elections. |
| 主题 | Public Economics |
| 关键词 | Career concerns Elections Citizen-candidate Learning Effort Incomplete information |
| URL | https://cepr.org/publications/dp4652 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/533573 |
| 推荐引用方式 GB/T 7714 | Michael Artis,Denise Osborn,Pedro Perez-Vazquez. DP4652 The International Business Cycle in a Changing World: Volatility and the Propagation of Shocks in the G-7. 2004. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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