Yardstick competition and political problems
(2005) Social Choice and Welfare — Vol. 24, n° 1, p. 155-169 (2005)
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- Abstract
- We examine how yardstick competition between jurisdictions affects the agency problem resulting from uncertainty about politicians (adverse selection) and their policies (moral hazard). We find that yardstick comparison can contribute both to disciplining and to selecting politicians.
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Belleflamme, P., & Hindriks, J. (2005). Yardstick competition and political problems. Social Choice and Welfare, 24(1), 155-169. https://doi.org/10.1007/s00355-003-0297-8 (Original work published 2005)