This paper analyses why corruption can persist for long periods in a democracy and inquires whether this can result from a well-informed rational choice of the citizens. By applying a citizen-candidate model of representative democracy, the paper analyzes how corruption distortsthe allocation of...

Abstract The debate over comprehensive immigration reform in the summer and fall of 2013 had the potential to significantly affect future elections by, once again, reshaping the image of the Republican Party (GOP) in the eyes of Latino voters. In this effort, we explore the demographic and...

Estimating the impact of turnout on House election results is problematic because of endogeneity and omitted variable bias. The following study proposes an instrumental approach to correct for these problems by using a series of fixed effects two-stage least squares panel-data regression models...

In response to high and chronic inflation, countries have adopted different stabilization policies. However, the extent to which these stabilization programs were designed for political motives is not clear. Since exchange-rate-based stabilizations (ERBS) create an initial consumption boom...

Failure to take into account 'strategic retirement' leads to inflated estimates of the incumbent electoral advantage. The one attempt to address this issue in the context of US House elections implies that much of the supposed incumbency advantage and most of its presumed increase over time are...

Whereas the economics discipline possesses a highly refined theoretical apparatus to analyze the effects of government behaviour on the economy, it has not (yet) managed to fully develop a positively formulated "economic theory of politics" that would permit the integration of the...