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Article
Paying Politicians
Journal of Public Economics (2004)
  • Mattias K Polborn
  • Matthias Messner, Bocconi University
Abstract
Consider a situation where a society has to elect an official who provides a public service for the citizens. Candidates differ in their competence and every potential candidate has private information about his costs to perform the task of the elected official. We develop a new citizen candidate model with a unique equilibrium to analyze the following two questions: Who runs for office, and which level of remuneration for the official maximizes ordinary citizens' expected utility?
Publication Date
December, 2004
Citation Information
Mattias K Polborn and Matthias Messner. "Paying Politicians" Journal of Public Economics Vol. 88 Iss. 12 (2004)
Available at: http://works.bepress.com/polborn/5/