Handicaps on Timing to Improve Reputation
An 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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- Klaas Beniers & Robert Dur, 2007.
"Politicians’ motivation, political culture, and electoral competition,"
International Tax and Public Finance,
Springer;International Institute of Public Finance, vol. 14(1), pages 29-54, February.
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- Sumon Majumdar & Sharun W. Mukand, 2004. "Policy Gambles," American Economic Review, American Economic Association, vol. 94(4), pages 1207-1222, September.
- Sumon Majumdar & Sharun W. Mukand, 2004. "Policy Gambles," Discussion Papers Series, Department of Economics, Tufts University 0407, Department of Economics, Tufts University.
- Anat R. Admati & Motty Perry, 1987. "Strategic Delay in Bargaining," Review of Economic Studies, Oxford University Press, vol. 54(3), pages 345-364. Full references (including those not matched with items on IDEAS)
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