Boukouras, Aristotelis; Koufopoulos, Kostas - 2011 - This Version: 03 September 2010, First Version: 28 September 2007
In this paper we provide a political game where agents decide whether to become legislators or politicians. Legislators … determine the political institutions constraining politicians' behavior and politicians compete for gaining the power to make … decisions about the level of the public good. We derive the following results: i) Political competition is a necessary but not a …