Why Do Policy Makers Stick to Inefficient Decisions?
نویسندگان
چکیده
منابع مشابه
Why Do Policy Makers Stick to Inefficient Decisions?
This paper offers an explanation for why policy makers stick to inefficient policy decisions. I argue that repealing a policy is a bad signal to voters about the policy makers competence if voters do not have complete knowledge about the effects of implemented policies. I derive the optimal policy makers decision on continuation of a policy, assuming that voters beliefs about the policy make...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 1999
ISSN: 1556-5068
DOI: 10.2139/ssrn.168789