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This paper investigates infrastructure investment in markets where regulation is subject to varying degrees of manipulation by elected politicians. Based on a model of price regulation in a market with increasing demand and long-term returns on investment we construct a multi-period game between...
Persistent link: https://www.econbiz.de/10013084993
political competition is too high or too low. We first build a simple game theoretic model to capture the effect of electoral … 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 …
Persistent link: https://www.econbiz.de/10012978149
We provide a game-theoretical model of manipulative election campaigns with two political candidates and a continuum of Bayesian voters. Voters are uncertain about candidate positions, which are exogenously given and lie on a unidimensional policy space. Candidates take unobservable, costly...
Persistent link: https://www.econbiz.de/10013035471
competition. As existing research conceptualizes political competition mainly as a macro- or party-level phenomenon, the micro … perspective remains underdeveloped and, therefore, an important dimension of political competition, the availability of votes, is … ignored. We introduce and discuss an individualized measure of electoral competition that is based on propensities to vote as …
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