While it is generally recognized that electoral competition can have a major influence on public spending decisions, there has been little effort to consider whether the move to multiparty elections in African countries in recent years has led to a redistribution of public expenditures between...

What do we know about wealth inequality and democracy? Our review shows that the simple conjectures that democracy produces wealth equality and that wealth inequality leads to democratic failure are not supported by the evidence. Why are democracy and high levels of wealth inequality sustainable...

This paper investigates the relationship between democracy and antitrust policy. Strong antitrust policies advance the economic and political interests of most citizens, making their adoption more likely in institutional settings that weigh the interests of consumers. We examine the empirical...