Political Economy of Mechanisms.

We study the provision of dynamic incentives to self-interested politicians who control the allocation of resources in the context of the standard neoclassical growth model. Citizens discipline politicians using elections. We show that the need to provide incentives to the politician in power create...

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Bibliographic Details

Published in:	Econometrica Vol. 76; no. 3; pp. 619 - 642
Main Authors:	Acemoglu, Daron, Golosov, Michael, Tsyvinski, Aleh
Format:	Article
Published:	Wiley-Blackwell May 2008
Subjects:	Resource allocation > Mathematical models Economics & politics Taxation Mathematical models
Online Access:	View this record in EBSCOhost