It takes the average reader and 33 minutes to read Do Elections Always Motivate Incumbents? Experimentation vs. Career Concerns by Mr.Eric Le Borgne
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This paper studies a principal-agent model of the relationship between an incumbent officeholder and the electorate, where the officeholder is initially uninformed about her ability. If officeholder effort and ability interact in the "production function" that determines performance in office, then an officeholder has an incentive to experiment-that is, raise effort so that performance becomes a more accurate signal of her ability. Elections reduce the experimentation effect, and the reduction in this effect may more than offset the positive "career-concerns" effect of elections on effort. Moreover, when this occurs, appointment of officeholders may Pareto-dominate elections.
Do Elections Always Motivate Incumbents? Experimentation vs. Career Concerns by Mr.Eric Le Borgne is 33 pages long, and a total of 8,349 words.
This makes it 11% the length of the average book. It also has 10% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes and 45 minutes to read Do Elections Always Motivate Incumbents? Experimentation vs. Career Concerns aloud.
Do Elections Always Motivate Incumbents? Experimentation vs. Career Concerns is suitable for students ages 8 and up.
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