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Since objective news coverage is vital to democracy, captured media can seriously distort collective decisions. The …
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selectorate in specific instances of successful autocracy. We also show that, consistent with the theory, leadership turnover in …
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Conventional wisdom depicts corruption as a tax on incumbent firms. This paper challenges this view in two ways. First, by arguing that corruption matters not so much because of the value of the bribe ("tax"), but because of another less studied feature of corruption, namely bribe...
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