lead to equilibria, where politicians receive corruption bribes. Furthermore, the model implies a non … politicians. Two political frictions (ideological adherence and a super- majority requirement) impair political competition and …-monotonic relationship between financial openness and corruption and a positive relationship between financial openness and government size …

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 … involved into the illicit activity and, eventually, spread the corruption disease. …

We develop a simple two period model to study the importance of motivational differences among politicians in … describing the role of elections and explaining policy choices. In our model, politicians differ in their motives of running … public office. Good politicians care about policies while bad politicians care about rent extraction. Voters want to control …

economic decision-making – is important in politics. We show that politicians ‘gamble for re-election’ in the context of a … on MPs’ individual decisions in a de facto vote for the 2021 leadership election of Germany’s centre-right parties. MPs … are more likely to vote for a riskier candidate when faced with tougher re-election races in their constituency …

investigated by scholars, empirical findings are mixed at best. This is partly because of the non-random nature of election timing …

The literature on the rational PBC suggests that politicians systematically manipulate economic and fiscal conditions … before elections to increase their chances of eelection. Most tests of this theory look for evidence of pre-election …

conditions can voters benefits from improvements in the human capital of their politicians? We address this question in a model … requires the provision of electoral incentives. Third, the reward to politicians from the pursuit of alternative activities to …

politicians' types (model uncertainty) as well as each individual politician's type. Such model uncertainty allows political trust … uncertainty substantially increases the probability of politicians choosing the bad policy. Furthermore, it generates self …