five

Replacement and Reputation

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NBER2026-05-01 更新2026-05-09 收录
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https://www.nber.org/papers/w35154
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Does electoral replacement ensure that officeholders eventually act in voters interests? We study a reputational model of accountability. Voters observe incumbents performance and decide whether to replace them. Politicians may be good types who always exert effort or opportunists who may shirk. We
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2026-05-01
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