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dc.contributor.author
Gersbach, Hans
dc.date.accessioned
2021-03-25T15:22:03Z
dc.date.available
2020-10-14T04:06:28Z
dc.date.available
2020-10-19T10:19:40Z
dc.date.available
2021-03-25T15:22:03Z
dc.date.issued
2021-03
dc.identifier.issn
0048-5829
dc.identifier.issn
1573-7101
dc.identifier.other
10.1007/s11127-019-00753-w
en_US
dc.identifier.uri
http://hdl.handle.net/20.500.11850/445825
dc.description.abstract
A returning political phenomenon is the impact of "office seekers" in democracies. We examine the consequences when the public faces a new type of two-dimensional uncertainty: whether a politician is competent, and whether a politician is concerned about the consequences of public utility decisions (statesman) or about public opinion (office seeker). We identify new timing distortions, as both competent and incompetent office seekers may take hasty or excessively delayed decisions in order to imitate statesmen or competent office holders. Thus, the public may benefit by disregarding the candidates' competence and by reelecting candidates based solely on its belief as to whether a politician is a statesman. This "curse of competence" may explain why politicians are so concerned about being perceived as statesmen and why we may expect the largest distortions for credence policies. © Springer Science+Business Media, LLC, part of Springer Nature 2020
en_US
dc.language.iso
en
en_US
dc.publisher
Springer
en_US
dc.subject
Office seekers
en_US
dc.subject
Statesmen
en_US
dc.subject
Curse of competence
en_US
dc.subject
Credence policies
en_US
dc.subject
Double-sided asymmetric information
en_US
dc.title
Elections, the curse of competence and credence policies
en_US
dc.type
Journal Article
dc.date.published
2020-01-07
ethz.journal.title
Public Choice
ethz.journal.volume
186
en_US
ethz.journal.issue
3-4
en_US
ethz.journal.abbreviated
Public choice
ethz.pages.start
491
en_US
ethz.pages.end
511
en_US
ethz.code.jel
JEL - JEL::D - Microeconomics::D7 - Analysis of Collective Decision-Making::D72 - Political Processes: Rent-Seeking, Lobbying, Elections, Legislatures, and Voting Behavior
en_US
ethz.code.jel
JEL - JEL::D - Microeconomics::D8 - Information, Knowledge, and Uncertainty::D80 - General
en_US
ethz.code.jel
JEL - JEL::D - Microeconomics::D8 - Information, Knowledge, and Uncertainty::D82 - Asymmetric and Private Information; Mechanism Design
en_US
ethz.identifier.wos
ethz.identifier.scopus
ethz.publication.place
Dordrecht
en_US
ethz.publication.status
published
en_US
ethz.leitzahl
ETH Zürich::00002 - ETH Zürich::00012 - Lehre und Forschung::00007 - Departemente::02120 - Dep. Management, Technologie und Ökon. / Dep. of Management, Technology, and Ec.::03729 - Gersbach, Hans / Gersbach, Hans
ethz.leitzahl.certified
ETH Zürich::00002 - ETH Zürich::00012 - Lehre und Forschung::00007 - Departemente::02120 - Dep. Management, Technologie und Ökon. / Dep. of Management, Technology, and Ec.::03729 - Gersbach, Hans / Gersbach, Hans
ethz.date.deposited
2020-10-14T04:06:38Z
ethz.source
WOS
ethz.eth
yes
en_US
ethz.availability
Metadata only
en_US
ethz.rosetta.installDate
2021-03-25T15:22:11Z
ethz.rosetta.lastUpdated
2022-03-29T05:59:49Z
ethz.rosetta.versionExported
true
ethz.COinS
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