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Credibility and Independence of the World Anti-Doping AgencyA Barro-Gordon-Type Approach to Antidoping PolicyLARGE, Université Robert Schuman, Strasbourg, France This article argues that the antidoping policy faces a credibility problem very similar to that identified for the conduct of the monetary policy. Using a theoretical framework à la Barro-Gordon in which athletes form rational expectations about authorities effort against doping, the author shows that strong antidoping policies are not credible unless conducted by a completely independent World Anti-Doping Agency, provided that its president has either a very strong aversion to doping or a wage contract that incites him or her to implement the announced level of effort.
Journal of Sports Economics, Vol. 3, No. 1,
90-96 (2002) |
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