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Self-Imposed Term Limits

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  • Glaeser, Edward L

Abstract

In 'Reconciling voters' behavior with legislative term limits,' Dick and Lott argue that since more senior representatives are better at rent-seeking, there is an inefficient tendency to re-elect incumbents. In this model, term limits are preferred collectively by constituencies, even though no constituency would independently oust its incumbent representative. However, many term limits are unilaterally self-imposed (in particular the 22nd amendment limiting presidents' term to two), and their model cannot explain these limits. In this comment, the author suggests that term limits may be self-imposed by risk-averse voters, who prefer cycling between left and right wing candidates to a once-and-for-all election that imposed a candidate of a single ideology on the entre electorate. The market failure that makes term limits helpful is that out of power minorities cannot bribe the median voter. Copyright 1997 by Kluwer Academic Publishers

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Bibliographic Info

Article provided by Springer in its journal Public Choice.

Volume (Year): 93 (1997)
Issue (Month): 3-4 (December)
Pages: 389-94

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Handle: RePEc:kap:pubcho:v:93:y:1997:i:3-4:p:389-94

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Web page: http://www.springerlink.com/link.asp?id=100332

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Cited by:
  1. Edward J. Lopez & R. Todd Jewell, 2005. "Strategic Institutional Choice: Voters, States, and Congressional Term Limits," Public Economics 0512006, EconWPA.
  2. Smart, Michael & Sturm, Daniel M., 2013. "Term limits and electoral accountability," Journal of Public Economics, Elsevier, vol. 107(C), pages 93-102.
  3. Conconi, Paola & Sahuguet, Nicolas, 2009. "Policymakers' horizon and the sustainability of international cooperation," Journal of Public Economics, Elsevier, vol. 93(3-4), pages 549-558, April.
  4. Mark Schelker, 2012. "The influence of auditor term length and term limits on US state general obligation bond ratings," Public Choice, Springer, vol. 150(1), pages 27-49, January.

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