Giovannoni, Francesco; Seidmann, Daniel - In: Social Choice and Welfare 42 (2014) 3, pp. 707-734
We study the implications of Acton’s dictum that power corrupts when citizens vote (for three parties) and governments then form in a series of elections. In each election, parties have fixed tastes for graft, which affect negotiations to form a government if parliament hangs; but incumbency...