Author
Christopher Phelan
Consultant
Public Trust and Government Betrayal
Abstract
This paper presents a simple model of government reputation which captures two characteristics of policy outcomes in less developed countries: governments which betray public trust do so erratically, and, after a betrayal, public trust is regained only gradually.
Published in: _Journal of Economic Theory_ (Vol. 130, Issue 1, September 2006, pp. 27-43) https://doi.org/10.1016/j.jet.2005.03.003.
