Handicaps on Timing to Improve Reputation
AbstractAn agent may be able to address a task at different times, with the state of nature more favorable to the task in some periods over others. Success on a task will therefore more greatly improve the agent's reputation following success on a task if he is constrained in choosing when to address the task than if he enjoys flexibility in timing. These considerations may explain why presidents emphasize achievements in their first hundred days in office, and why performance of the economy in only some quarters of a president's term affect elections.
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Bibliographic InfoPaper provided by University of California-Irvine, Department of Economics in its series Working Papers with number 111210.
Length: 12 pages
Date of creation: May 2012
Date of revision:
Reputation; Principal-agent; Policy making;
Find related papers by JEL classification:
- D78 - Microeconomics - - Analysis of Collective Decision-Making - - - Positive Analysis of Policy Formulation and Implementation
- D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
This paper has been announced in the following NEP Reports:
- NEP-ALL-2012-05-29 (All new papers)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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