Torvik, Ragnar; Acemoglu, Daron; Robinson, James A. - Institutt for Samfunnsøkonomi, Norges … - 2013
Voters often dismantle constitutional checks and balances on the executive. If such checks and balances limit presidential abuses of power and rents, why do voters support their removal? We argue that by reducing politician rents, checks and balances also make it cheaper to bribe or infuence...