Staff Report 283

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Public Trust and Government Betrayal

Christopher Phelan - Consultant

Published January 1, 2001

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)

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