Speaker: WANG Bo, Assistant professor, Zhejiang Gongshang University International Business School
Venue: Tencent meeting, meeting ID: 597 177 763(Please note your name and apartment)
Abstract:We introduce a name market into an overlapping generations model to address politician selection and political accountability when office-holders need not stand for re-election. We show that the name market could mitigate both issues. On the one hand, acquiring a good name screens good politicians; on the other hand, earning a good name incentivizes old politicians. The political accountability problem is solvable because of the selection problem. Transparency of a politician's type crowds out the name, aggravating the political accountability problem. We finally derive the optimal information policy and discuss its economic implications.