contracts, and democratic elections. An information market is used to predict the long-term performance of a policy, while …

contracts during their campaign. These threshold contracts do not violate the liberal principle of free and anonymous elections …

also when controlling for possible endogeneity of liberalization in growth. (2) Democracy encourages liberalization … - countries which introduced greater democracy subsequently progress further in economic liberalization too. (3) Because of its … reinforcing effect on liberalization, democracy has a positive overall impact on growth. Nevertheless, the marginal effect of …

This study investigates the effects of introducing elections on public goods and redistribution in rural China. We … timing of the introduction of elections for causal identification. We find that elections significantly increase public goods … also find that elections cause significant income redistribution within villages. The results support the basic assumptions …

sustainability. We show that the dual democratic mechanism – rejection/support rewards (RSRs) for politicians and elections – can …

simple model we show that the power of elections as a selection and incentive device can be improved by requiring higher vote …

voters. To do so, it proposes a model of elections where political ability is ex-ante unknown and investment in reforms is … unobservable. On the one hand, elections improve accountability and allow to keep well-performing incumbents. On the other …

problem that economic outcomes also influence elections. We sidestep these problems by analyzing movements in economic …-Democrat differential was also observed for the 2000 Bush-Gore contest. Prediction market based analyses of all Presidential elections since …