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Using the regression discontinuity design of close gubernatorial elections in the U.S., we identify a significant and positive impact of the social networks of corporate directors and politicians on firm value. Firms connected to elected governors increase their value by 3.89%. Political...
Persistent link: https://www.econbiz.de/10011249372
predictions along two main dimensions. First, corruption is more frequent in sectors where public institutions are large buyers …
Persistent link: https://www.econbiz.de/10008865969
Does information about rampant political corruption increase electoral participation and the support for challenger … copious corruption not only decreases incumbent support in local elections in Mexico, but also decreases voter turnout …
Persistent link: https://www.econbiz.de/10011084114
The paper studies the effect of additional government revenues on political corruption and on the quality of … implications of the theory and identify the causal effect of larger federal transfers on political corruption and the observed … transfers increase political corruption and reduce the quality of candidates for mayor. …
Persistent link: https://www.econbiz.de/10008468543
. We show that corruption opportunities are lower under centralization at each period of time. However, centralization … makes more difficult for citizens to detect corrupt incumbents. Thus, corruption is easier under centralization for low …
Persistent link: https://www.econbiz.de/10008468714
’s corruption levels. Examining a large sample of countries covering a 20-year long period, we found robust empirical support for … the fact that increases in import openness do indeed cause reductions in corruption, a crucial aspect of governance. The … corruption is close to one third of that exercised by the level of development. Some cautious policy conclusions are derived. …
Persistent link: https://www.econbiz.de/10005114501
In this paper we introduce the notion of stability threshold that quantifies the minimal returns to size sufficient to prevent credible secession threats by regions of the country. Severity of internal tension has been linked to degree of polarization of citizens' preferences and...
Persistent link: https://www.econbiz.de/10005123952
We study the competitive equilibrium of a market for votes where voters can trade votes for a numeraire before making a decision via majority rule. The choice is binary and the number of supporters of either alternative is known. We identify a sufficient condition guaranteeing the existence of...
Persistent link: https://www.econbiz.de/10011084259
It is a constant topic of debate how the European Union (EU) spends the money it collects from its member states. This paper supports the idea that the EU budget battle involves one-shot games that have persistent impacts on the budget allocations. In one way or the other, the member states are...
Persistent link: https://www.econbiz.de/10004972167
Much of the analysis of campaign contributions, in accordance with the Downsian model, has supposed that candidates seek contributions for electoral purposes. This paper takes the opposite approach, by assuming that each candidate aims to maximize the contributions he collects. We let a citizen...
Persistent link: https://www.econbiz.de/10005788909