This article develops an empirical measure of electoral availability, i.e., the micro perspective of political competition. As existing research conceptualizes political competition mainly as a macro- or party-level phenomenon, the micro perspective remains underdeveloped and, therefore, an...

When politicians have lower discount factors than voters, democratic elections cannot sufficiently motivate politicians to undertake long-term socially beneficial projects. When politicians can offer incentive contracts which become effective upon reelection, the hierarchy of contracts and...