Gehlbach, Scott; Sonin, Konstantin; Zhuravskaya, Ekaterina - Center for Economic and Financial Research (CEFIR), New … - 2006
In immature democracies, businessmen run for public office to gain direct control over policy, whereas in mature democracies they typically rely on other means of influence. We develop a simple model to show that businessmen run for office only when two conditions hold. First, as in many...