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This paper discusses and proposes random selection as a component in decision-making in society. Random procedures have … corruption and decrease the large expenses associated with today's democratic election campaigns. Random mechanisms can be … applied fruitfully to a wide range of fields, including politics, the judiciary, the economy, science and the cultural sector …
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This paper provides empirical evidence that campaign contributions arestrongly associated with market expectations of future firm-specific political favors,including preferential access to external financing. Using a novel dataset, we find thatfirms in Brazil providing contributions in the 1998...
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