Politics and the pursuit of fame

摘要: Humans strive after fame, especially in politics. We construct a model which the executive is motivated by fame as well desire to hold office. The of an based on his or her achievements relative all prior executives. Periods great uncertainty for nation make politicians more likely pursue rather than reelection. show that incentives weaken country ages. If are wiser median voter, then pursuit improves welfare, and diminution over time causes national decline.