International Journal of Finance, Insurance and Risk Management ISSN: 2047-0916

What if Output Persistence is Disregarded by an Opportunistic Incumbent?

António Bento Caleiro
International Journal of Finance, Insurance and Risk Management, Volume 4, Issue 4, 803, 2014
DOI: 10.35808/ijfirm/109

Abstract:

This note presents the consequences of output persistence being disregarded by an electorally motivated incumbent. In this case, incumbent’s policies are suboptimal not only socially but also from the electoral point of view.


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