We offer an institutional explanation for the dramatic decline in corrupt practices that characterizes British political development in the mass suffrage era. Parliamentary candidates who faced corruption charges were judged by tribunals of sitting MPs until 1868, when this responsibility was...

Why do voters support corrupt politicians? One reason is that voters care about both corruption and partisan control of government; the more voters care about which party wins, the less they can deter individual wrongdoing. I highlight this tradeoff in the 2009 UK expenses scandal, showing that...

Recent research suggests that, public perceptions notwithstanding, members of Congress are rather mediocre investors. Why do the consummate political insiders fail to profit as investors? We consider various explanations that pertain to members' political relationships to public firms. We show...