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Time-inconsistent candidates vs. time-inconsistent voters: imperfect policy commitment in political equilibrium

机译:时间不一致的候选人与时间不一致的选民:政治平衡中的政策承诺不完善

摘要

This paper examines whether policy commitment mechanisms, when available, will be used by the elected policymaker in a political-economy equilibrium. We describe a two-period repeated voting model where second-period outcomes depend on commitment choices made by an elected policymaker in the first period, and where elected candidates may choose to deviate from their preferred level of commitment, retaining discretionary control of policy variables, in order to secure a favourable second-period political outcome. The implications of different political tenure systems for the candidates who are elected, the policy targets that are selected, the degree of commitment to their implementation, and the policies that are actually implemented in the model are examined.
机译:本文探讨了政策承诺机制(如果有)是否会在政治经济平衡中由民选决策者使用。我们描述了一种两阶段重复投票模型,其中第二阶段的结果取决于当选决策者在第一阶段做出的承诺选择,而当选候选人可以选择偏离其偏好的承诺水平,保留对政策变量的自由控制,为了确保第二阶段的政治结果令人满意。研究了不同政治任期制度对当选候选人的影响,所选择的政策目标,对其实施的承诺程度以及该模型中实际实施的政策。

著录项

  • 作者

    Pani Marco; Perroni Carlo;

  • 作者单位
  • 年度 1999
  • 总页数
  • 原文格式 PDF
  • 正文语种 en
  • 中图分类

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