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This paper studies coalition formation under asymmetric information. An outside party offers private payments in order to influence the collective decision over an unpopular reform. The willingness to accept such payments is private information. The paper demonstrates that a supermajority...
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. Finally, while effects of growth and unemployment rates are the same across demographic subsets, the effect of inflation is … skilled or not working. Our findings reinforce the political importance of employment and growth policies. …
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