Millner, Antony; Ollivier, Helene; Simon, Leo - Centre d'Économie de la Sorbonne, Université Paris 1 … - 2014
endogenously influence whether learning occurs through its policy choices (policy experimentation), future political competition … unilaterally, but faces competition from a political opponent in the future. Both parties care about voters' payoffs, but they have … different beliefs about how policy choices will map into future economic outcomes. We show that when the incumbent party can …