This paper provides a rationale for intra-party democracy within a political agency model with moral hazard. The focus is on the party's internal procedures for policy determination. I show that democratizing those procedures benefits the party leadership, which seeks to maximize joint...

We investigate the possible interaction effects that the extent of property rights protection and separation of powers in a political system have on economic growth. Using analysis of panel data from more than countries over the period 1970-2010 we find that the growth effects of property rights...

In the analysis of the economic motivation of the war, the financial evaluation around resourcing stands; In Colombia has made ​​considerable effort to understand and quantify the finances of the guerrillas. If you remove a small fraction of funding from public funds, it can be said that the...

Scholars have long deplored voters' lack of interest in politics and argue greater political engagement would improve the performance of democracy. We consider a model of elections where successful communication of political messages during campaigns requires efforts by politicians and a...

Costless pre-play communication has been found to effectively facilitate coordination and enhance efficiency in games with Pareto-ranked equilibria. We report an experiment in which two groups compete in a weakest-link contest by expending costly efforts. Allowing intra-group communication leads...

This study reports an experiment that examines whether groups can better comply with theoretical predictions than individuals in contests. Our experiment replicates previous findings that individual players significantly overbid relative to theoretical predictions, incurring substantial losses....