try to win the election with as little concessions as possible. The efficient amount of concessions and their distribution … efficient amount of concessions depends on the closeness of the election race. The closer the initial distribution of votes, the …

checks and balances' regulatory review process strengthens the role of the judicial power and election increases the populism … of implicitly motivated supervisors. Election arises when the risk related to expropriation of sunk investments and the … predictions. Indeed, when treated as endogenous, only the election of administrative law judges and not the one of regulators …