lead to equilibria, where politicians receive corruption bribes. Furthermore, the model implies a non …-monotonic relationship between financial openness and corruption and a positive relationship between financial openness and government size …

voting is fully deterministic. Second, corruption and inefficiencies arise as endemic phenomena of the political system …. Third, if the distribution of ideology is asymmetric, then political contesters may follow different platforms in …

equilibrium, politicians exploit these frictions to receive corruption bribes and fund some inefficient projects. Furthermore, the … model implies a non-monotonic relationship between financial openness and corruption and a positive relationship between …

This paper investigates the relationship between electoral incentives, institutions and corruption. We assume that …

accountability and reduce corruption. In this paper we show that electoral discipline may be ineffective in reducing corruption when … competition on corruption. We show that in equilibrium, corruption has a U-shaped relationship with electoral competition. If the … election is safe for the incumbent (low competition) or if it is extremely fragile (high competition) then corruption is higher …