Designing an incentive mechanism
Hidekuni Washida
Abstract
Hidekuni Washida
Abstract
This chapter explains the incentive mechanism for career-seeking elites. Impartial cost compensation ( chapter 5 ) is insufficient for the effective inducement for electoral mobilization. Through systematic analyses of interstate, intra/interparty, and individual portfolio allocation, this chapter reveals that the leaders had elaborated efficiency-based career incentives to induce elites to mobilize electoral support with smaller amounts of cost compensation. It also explores the conditions in which such a distributive pattern became salient, and reveals that efficiency-based incentives emerged especially in localities characterized by greater information asymmetry. The chapter also examines how the leaders had adjudicated electoral efficiency with intra/interparty politics.
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This chapter explains the incentive mechanism for career-seeking elites. Impartial cost compensation ( chapter 5 ) is insufficient for the effective inducement for electoral mobilization. Through systematic analyses of interstate, intra/interparty, and individual portfolio allocation, this chapter reveals that the leaders had elaborated efficiency-based career incentives to induce elites to mobilize electoral support with smaller amounts of cost compensation. It also explores the conditions in which such a distributive pattern became salient, and reveals that efficiency-based incentives emerged especially in localities characterized by greater information asymmetry. The chapter also examines how the leaders had adjudicated electoral efficiency with intra/interparty politics.
Key concepts: Mechanism (biology), Incentive, Business, Computer science, Economics, Microeconomics, Epistemology, Philosophy