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This paper investigates infrastructure investment in markets where regulation is subject to varying degrees of manipulation by elected politicians. Based on a model of price regulation in a market with increasing demand and long-term returns on investment we construct a multi-period game between...
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This paper examines the effects of campaign spending limits on political competition and incumbency advantage. We study … discontinuous kink which we exploit for causal identification. We find that stricter limits increase political competition by …
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