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Optimal Patronage
Drugov, Mikhail - C.E.P.R. Discussion Papers - 2015
and applications include political groups, ethnicities, agents motivated by the work in the public sector and corruption … that patronage may be strictly positive in both of them. We also apply the second setting to the case of corruption. …
Persistent link: https://www.econbiz.de/10011145475
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Media Freedom, Bureaucratic Incentives and the Resource Curse
Egorov, Georgy; Guriev, Sergei; Sonin, Konstantin - C.E.P.R. Discussion Papers - 2006
How can a non-democratic ruler provide proper incentives for state bureaucracy? In the absence of competitive elections …
Persistent link: https://www.econbiz.de/10005123655
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Bureaucracy as a Mechanism to Generate Information
Novaes, Walter; Zingales, Luigi - C.E.P.R. Discussion Papers - 2003
Paper argues that the thin line between efficient management practices and inefficient bureaucracy is crossed to curb … managerial agency costs in a multi-layer hierarchy. The model predicts that bureaucracy increases with the frequency of … managerial turnover, and it establishes a link between bureaucracy, incentive schemes, and leverage in a cross-section of firms. …
Persistent link: https://www.econbiz.de/10005504447
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Media Capture and Wealth Concentration
Corneo, Giacomo - C.E.P.R. Discussion Papers - 2003
While objective news coverage is vital to democracy, media bias can seriously distort collective decisions. This Paper develops a voting model where citizens are uncertain about the welfare effects induced by alternative policy options and derive information about those effects from the mass...
Persistent link: https://www.econbiz.de/10005789042
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The Political Economy of Government Responsiveness: Theory and Evidence from India
Besley, Timothy J.; Burgess, Robin - C.E.P.R. Discussion Papers - 2001
The determinants of government responsiveness to its citizens is a key issue in political economy. Here we develop a model based on the solution of political agency problems. Having a more informed and politically active electorate strengthens incentives for governments to be responsive. This...
Persistent link: https://www.econbiz.de/10005791661
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Commercial Television and Voter Information
Prat, Andrea; Strömberg, David - C.E.P.R. Discussion Papers - 2005
What is the effect of liberalizing a country’s broadcasting system on the level of information of its citizens? To analyse this question, we first construct a model of state monopoly broadcasting where the government selects the amount of television news coverage of different public policy...
Persistent link: https://www.econbiz.de/10005661617
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The Political Economy of Mass Media
Prat, Andrea; Strömberg, David - C.E.P.R. Discussion Papers - 2011
We review the burgeoning political economy literature on the influence of mass media on politics and policy. This survey, which covers both theory and empirics, is organized along four main themes: transparency, capture, informative coverage, and ideological bias. We distill some general lessons...
Persistent link: https://www.econbiz.de/10008854519
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Political Connections and Firm Value: Evidence from the Regression Discontinuity Design of Close Gubernatorial Elections
Do, Quoc-Anh; Lee, Yen-Teik; Nguyen, Bang Dang - C.E.P.R. Discussion Papers - 2015
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
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Do Oil Windfalls Improve Living Standards? Evidence from Brazil
Caselli, Francesco; Michaels, Guy - C.E.P.R. Discussion Papers - 2009
We use variation in oil output among Brazilian municipalities to investigate the effects of resource windfalls. We find muted effects of oil through market channels: offshore oil has no effect on municipal non-oil GDP or its composition, while onshore oil has only modest effects on non-oil GDP...
Persistent link: https://www.econbiz.de/10008509470
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The Political Resource Curse
Brollo, Fernanda; Nannicini, Tommaso; Perotti, Roberto; … - C.E.P.R. Discussion Papers - 2010
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