Perception vs reality: how does the British electorate evaluate economic performance of incumbent governments in the post war period? by Clegg, J

“…The sensible assumption of retrospective voting models is that voters, looking to judge a government’s past performance, should assess changes in their own welfare over an entire term of office, with little or no discounting of past events. …”

Bureaucratic minimal squawk behavior: theory and evidence from regulatory agencies by Leaver, C

“…The data soundly reject the capture hypothesis and are consistent with the minimal squawk hypothesis: longer PUC terms of office are associated with an increase in the incidence of rate reviews in period of falling input costs and, in turn, lower household electricity bills.…”

Bureaucratic Minimal Squawk Behavior: Theory and Evidence from Regulatory Agencies. by Leaver, C

“…The data soundly reject the capture hypothesis and are consistent with the minimal squawk hypothesis: longer PUC terms of office are associated with an increase in the incidence of rate reviews in periods of falling input costs and, in turn, lower household electricity bills.…”