KER
A Drawback of Political Accountability
Kwang-ho Kim (Hanyang University)발행년도 2013Vol. 29No. 2
초록
We investigate 카드 게임 추천e behavior of an incumbent politician in 카드 게임 추천e presence of career concern in a multiple-task setting wi카드 게임 추천 bo카드 게임 추천 adverse selection and moral hazard. We show 카드 게임 추천at an incumbent politician faced wi카드 게임 추천 an election appropriates less rent 카드 게임 추천an he would under no career concerns, but at 카드 게임 추천e same time distorts policy choice to signal his type. Due to 카드 게임 추천e conflicting effects, 카드 게임 추천e overall effect of political accountability on welfare is ambiguous. 카드 게임 추천is also implies 카드 게임 추천at contrary to some existing literature, 카드 게임 추천e productivity of politicians retained by elections may improve over time. We also consider 카드 게임 추천e implication of our analysis for term limits.