paper sheds light on various dispersion indices and their use in the field of political power and fiscal performance. The … results show that the power dispersion indices of governments and fiscal institutions significantly explain the increases in … of fragmented political and administrative dispersion of power and poor budget performances. …

relevant information, we also assume that lobbies engage in non-negligible informational lobbying. We focus on a single … political decision to be taken and offer a simple model in which the optimal influence strategy is a mixture of both lobbying … lobbying so that less policy relevant information is available and as a result political decisions become less efficient. …

decision-maker and to exert political pressure on her. We show that both lobbying instruments are interdependent. In our view … constraints governing informational lobbying determine a specific lottery available. The circumstances under which political … risk. The combination of lotteries available and induced risk preference determines the optimal lobbying behavior. Our …

We examine the consequences of lobbying and vote buying, assuming this practice were allowed and free of stigma. Two …