Members of parliament (MPs) often decide on their own salaries. Voters dislike self-serving politicians, and … politicians are keen to gratify their voters. In line with the political business cycle theories, politicians thus may well delay … increased by one percent. Politicians can increase their salaries at any point of time in the legislative period: understanding …

voters' capacity to identify and empower competent politicians. In our model, candidates are privately informed about their … motivation. In particular, full concentration of power is desirable if and only if politicians are mostly welfare-oriented. The …

We analyze the topical question of how the compensation of elected politicians affects the set of citizens choosing to …