Casamatta, Georges; Vellutini, Charles - C.E.P.R. Discussion Papers - 2006
Using a model of probabilistic voting, we analyse the impact of aid on the political equilibrium in the recipient … aid on the political equilibrium and therefore on the quality of the policy (using the utilitarian social welfare as a … quality by aid can help to explain the poor performance of conditionality in improving policy. Perhaps more surprising is the …