Estimating Dynamic Games of Electoral Competition to Evaluate Term Limits in US Gubernatorial Elections
用半参数方法识别和估计一类完美监控的动态博弈，分析选民在意识形态与能力间的权衡，量化任期限制对选民福利的影响。
This paper shows how to identify and estimate, using standard semi-parametric techniques, a class of dynamic games with perfect monitoring, that have been at the frontier of recent research in political economy. The empirical analysis provides novel quantitative insights into the trade-off that voters face between ideology and ability, the differences in ability and ideology among parties and states, and the differences in preferences between political candidates and voters. We analyze the consequences of term limits and quantify their relative importance. Specifically, we characterize conditions under which term limits improve voters' welfare.