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- W100765679 abstract "In the democratic countries, elections are the primary mechanism for ensuring that, once in office, a politician actually acts in the collectivity's interest. In the first chapter, I present a survey of the literature on accountability. In the second chapter, I show that the presence of the elections may be the cause of the politicians' reluctance to invest in long-term public goods (political short-termism), and such behavior may be optimal for the collectivity. In the third chapter, I show that reelection concern may induce a politician to continue a policy he introduced in the past even when a policy change would be optimal for the collectivity, and not to continue a policy introduced in the past by a rival politician even when a policy change would not be optimal for the collectivity. These results may help to explain why the incumbent politicians have an electoral advantage over new politicians." @default.
- W100765679 created "2016-06-24" @default.
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- W100765679 date "2009-03-30" @default.
- W100765679 modified "2023-09-23" @default.
- W100765679 title "ELECTORAL ACCOUNTABILITY, POLITICAL SHORT - TERMISM, AND POLICY (UN) PERSISTENCE" @default.
- W100765679 hasPublicationYear "2009" @default.
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