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This paper analyzes the determinants of governance transparency. In our model, entrepreneurs optimally decide the precision of their earning reporting by trading off the possibility of expropriating profits against the capacity to attract external funding.We find that information is only...
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To test and replicate the superstar effect reported by Brown (2011) we empirically study contests where a single entrant has an endogenously higher probability of winning. Unlike the previous literature, we test for the presence of the superstar effect in several different contexts. Ultimately,...
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This paper investigates the relationship between electoral incentives, institutions and corruption. We assume that …. Under relative performance evaluation, dynamic incentives impose more restriction on rent appropriation in comparison to the … static case. -- Yardstick competition ; rent-seeking ; public good ; electoral incentives …
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