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ECON3106 Politics and Economics

Problem Set 3

1 Political Agency and Term Limit

1.1 Describe in words how voters can control politicians after they have elected them.

Answer in no more than one brief paragraph (80 words).A term limit is an institution that limits how many times a politician can be in power. For example, the president of the United States can only remain in power for two terms.

1.2 How does a term limit afflect the ability of voters to control politicians after they have elected them?

The following questions refer to the paper: "Does electoral accountability affect economic policy choices? Evidence from gubernatorial term limits"- Besley and Case (1995)

1.3 Report ONE piece of evidence in Besley and Case (1995) showing that when politicians reach their last possible term in office they behave differently.