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Reelection threshold contracts in politics

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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...

Ausführliche Beschreibung

Gespeichert in:
Bibliographische Detailangaben
Hauptverfasser: Gersbach, Hans (VerfasserIn) , Liessem, Verena (VerfasserIn)
Dokumenttyp: Buch/Monographie Arbeitspapier
Sprache:Englisch
Veröffentlicht: München CESifo 2001
Schriftenreihe:CESifo Working Paper 622
In: CESifo working papers (622)

Schlagworte:
Arbeitspapier
Graue Literatur
Anreiz
Kontrakttheorie
Spieltheorie
Ökonomische Theorie der Demokratie
Demokratie
Wahl
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
Volltext
Verfasserangaben:Hans Gersbach; Verena Liessem

MARC

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520 |a 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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