Gehlbach, Scott; Sonin, Konstantin; Zhuravskaya, Ekaterina - C.E.P.R. Discussion Papers - 2006
In immature democracies, businessmen run for public office to gain direct control over policy; in mature democracies they typically rely on other means of influence. We develop a simple model to show that businessmen run for office only when two conditions hold. First, as in many immature...