Reelection threshold contracts in politics
When politicians are provided with insufficient incentives by the democratic election mechanism, we show that social welfare can be improved by threshold contracts. A threshold incentive contract stipulates a performance level which a politican must reach in order to have the right to stand for reel...
Gespeichert in:
| Hauptverfasser: | , |
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| Dokumenttyp: | Book/Monograph Arbeitspapier |
| Sprache: | Englisch |
| Veröffentlicht: |
München
CESifo
2001
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| Schriftenreihe: | CESifo Working Paper
622 |
| In: |
CESifo working papers (622)
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| Schlagworte: | |
| Online-Zugang: | Resolving-System, Volltext: http://hdl.handle.net/10419/76064 Verlag, Volltext: http://www.cesifo-group.de/ifoHome/publications/working-papers/CESifoWP/CESifoWPdetails?wp_id=14560653 
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| Verfasserangaben: | Hans Gersbach; Verena Liessem |
| Zusammenfassung: | When politicians are provided with insufficient incentives by the democratic election mechanism, we show that social welfare can be improved by threshold contracts. A threshold incentive contract stipulates a performance level which a politican must reach in order to have the right to stand for reelection. Read my lips would turn into read my contracts. Reelection thresholds can be offered by politicians during campaigns and do not impair the liberal principle of free and anonymous elections in democracies. |
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| Beschreibung: | Online Resource |
| Dokumenttyp: | Systemvoraussetzungen: PDF Reader. |