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| Hans Gersbach |
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| ''On higher hurdles for incumbents'' |
| ( 2010, Vol. 30 No.1 ) |
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| The election mechanism has difficulties in selecting the most able candidates and deselecting less able ones. In a simple model we explore how the power of elections as a selection device can be improved by requiring higher vote thresholds than 50% for incumbents. |
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| Keywords: Third JEL Category: H4
Keywords: Elections, political contracts, vote-share thresholds, incumbents, selection, effort. |
JEL: D7 - Analysis of Collective Decision-Making: General
D8 - Information, Knowledge, and Uncertainty: General |
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| Manuscript Received : Oct 08 2009 | | Manuscript Accepted : Mar 24 2010 |
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