We examine the relationship between voter preferences and political party platforms with respect to the regulation of externalities from private transactions. We begin with the argument that electoral rules, in particular those that determine whether voters focus on individual candidates or...

This paper surveys some recent literature on fiscal policy and comparative politics. Economic policy is viewed as the outcome of a game with multiple-principals and multiple-agents. Opportunistic politicians bargain over policy. Rational voters hold them accountable through retrospective voting....

The importance of the judiciary in consolidating and sustaining a robust democracy and, an attractive business environment has led scholars to study the conditions which allow judiciaries to function with genuine or de facto independence. One of the most influential theories in the current...