作者: Daniel Franklin , Tor Westin
关键词: Limit (mathematics) 、 Public finance 、 Public policy 、 Microeconomics 、 Seniority (financial) 、 Stable state 、 Institution 、 Public economics 、 Economics 、 Term (time)
摘要: In this paper we develop a model to predict the seniority turnover, and transition consequences of term limit reforms for any institution with regularized procedure rotating membership. With can number members who will be serving in their last at given time once an reaches stable state under reforms. For example, our results show that U.S. Senate current proposals result substantial increase “lame duck” significant reduction average seniority. We make no claims as public policy effects proposals. However, used design proposal maximize benefits or minimize found associated