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We analyze the effort allocation choices of incumbent politicians when voters are uncertain about politician preferences. There is a pervasive incentive to “posture” by overproviding effort to pursue divisive policies, even if all voters would strictly prefer to have a consensus policy...
Persistent link: https://www.econbiz.de/10011196461
This paper analyzes the effort allocation choices of incumbent politicians when voters are uncertain about politician preferences. There is a pervasive incentive to "posture" by over-providing effort to pursue divisive policies, even if all voters would strictly prefer to have a consensus policy...
Persistent link: https://www.econbiz.de/10012457246
This paper analyzes the effort allocation choices of incumbent politicians when voters are uncertain about politician preferences. There is a pervasive incentive to "posture" by over-providing effort to pursue divisive policies, even if all voters would strictly prefer to have a consensus policy...
Persistent link: https://www.econbiz.de/10013018308
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We provide a positive analysis of effort allocation by a politician facing reelection when voters are uncertain about the politician's preferences on a divisive issue. We then use this framework to derive normative conclusions on the desirability of transparency, term limits, and independence of...
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