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This study examines how the quality of political institutions affects the distribution of the government budget in Iran. We first introduce a mechanism through which democracy can shift government expenditure from national defense (military) to productivity-enhancing public spending (e.g.,...
Persistent link: https://www.econbiz.de/10011342383
The electorates' lack of information about the extent of public spending may cause misalignments between voters' preferences and the size of government. We devise a series of representative survey experiments in Germany that randomly provide treatment groups with information on current spending...
Persistent link: https://www.econbiz.de/10011482935
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, a failure due, at least in Iceland, to a combination of mistakes, incompetence and what can only be called corruption …
Persistent link: https://www.econbiz.de/10012110219
We analyze a theoretical model in which entrepreneurs' property rights are threatened by "raiders" who can challenge them to a contest for control of their firms. Entrepreneurs have heterogeneous productivity, and decide how much capital to invest before raiders decide whom to attack. In...
Persistent link: https://www.econbiz.de/10011897580
This paper investigates the relationship between electoral incentives, institutions and corruption. We assume that …
Persistent link: https://www.econbiz.de/10003730296
We examine the effect of the interaction between resource rents and democracy on corruption for a panel of 29 Sub …-Saharan countries during the period from 1985 to 2007. We find that higher resource rents lead to more corruption and that the effect is … suggest that the mechanisms through which resource rents affect corruption cannot be separated from political systems …
Persistent link: https://www.econbiz.de/10009301201
contrary, under corruption, we show that bailouts are ineffective unless rent-seeking groups are eradicated. -- sovereign debt …
Persistent link: https://www.econbiz.de/10009240852
We study bribing in a sequential team contest with multiple pairwise battles. We allow for asymmetries in winning prizes and marginal costs of effort; and we characterize the conditions under which (i) a player in a team is offered a bribe by the owner of the other team and (ii) she accepts the...
Persistent link: https://www.econbiz.de/10012162502