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Public Trust and Government Betrayal

Staff Report 283 | Published January 1, 2001

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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

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