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This analysis investigates a political corruption model that builds on previous literature on corruption in hierarchies. Our study enriches the literature on political corruption emphasizing the contrasting role of the minorities having a control role of the majorities. In particular, this paper...
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of the employees and analyze, whether commitment by determining the wage contract prior to the competitor is profitable … rent-seeking contests emphasizing that commitment via rent-seeking expenditures is unprofitable in symmetric contests. …
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promises, and explores the distributional consequences of this decision, in a setting where party credibility can vary. When … campaign promises. When political credibility is sufficiently low, some voter groups are targeted only with vote buying and not …
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