Benito, Bernardino; Bastida, Francisco; Ríos, Ana-María; … - In: Public Choice 161 (2014) 3, pp. 367-383
This paper analyzes the causes of legal political rent extraction by using a direct measure of it, namely, local top politicians’ wages. In particular, we investigate whether local politicians’ incentives to extract rents by setting their own wages are influenced by the degree of political...