policies and the success of dynastic politicians. Electoral success of politicians depends on their ability to implement better … policies for the voters because campaign promises are empty. Good politicians are more likely to implement the policy that … maximizes social welfare. Dynastic politicians are believed to be good or bad depending on the policy implemented by their …

effect. It further varies with politicians power, firm size and governance, and connection strength, and diminishes as a … politicians ascent to higher office, if it entails stricter scrutiny that may reduce favoritism. Around close Congress elections …, we find RDD-based evidence of this adverse effect that a politicians win reduces his former classmates firms stock value …

This paper studies the effects of power-concentrating institutions on the quality of political selection, i.e., the … voters' capacity to identify and empower well-suited politicians. In our model, candidates are heterogeneous in two … arises. We find that power-concentrating institutions amplify this selection problem as they increase electoral stakes and …

The objectives of this paper are twofold. First, we investigate whether politicians use resources from the federal … by voters who elect politicians who assist their municipalities through federal expenditures. The main contribution of … this study is its illustration of how the use of fiscal policy affects the local political power of legislators in Brazil …

motivation. In particular, full concentration of power is desirable if and only if politicians are mostly welfare-oriented. The …This paper studies the effects of power-concentrating institutions on the quality of political selection, i.e., the … voters' capacity to identify and empower competent politicians. In our model, candidates are privately informed about their …

situation. Politicians, however, are typically presumed to have stable, innate racial identities. In this article, I contend … that politicians strategically change their self-professed race in response to electoral incentives. Using original data … greatest electoral rewards. This strategic behavior calls into question extant theories which assume elite racial group …

biased toward the elites, but might still prefer the biased candidate if the elite's endorsement provides sufficient …We analyze a model of political competition in which the elite forms endogenously to aggregate information and advise … information about her competence. The elite size and the degree of information aggregation by the elite depend on the extent to …