Free riding on successors, delay, and extremism

被引:0
|
作者
Amihai Glazer
Stef Proost
机构
[1] University of California,Department of Economics
[2] Irvine,Center for Economics Studies
[3] KU Leuven,undefined
来源
Social Choice and Welfare | 2017年 / 48卷
关键词
Discount Rate; Ideal Point; Fixed Cost; Capital Spending; Heterogeneous Preference;
D O I
暂无
中图分类号
学科分类号
摘要
An incumbent who can shift the cost of action to a successor may choose to avoid incurring the cost of an action the incumbent favors, resulting in delay. The delay will be longer the closer the preferences of officials to each other, the higher the fixed cost of action, and the higher the discount rate. Incumbents with moderate preferences have a greater incentive to postpone action than do extremists.
引用
收藏
页码:887 / 900
页数:13
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