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Persistent link: https://www.econbiz.de/10013352892
We study sequential voting buying games in which an outsider, called the principal, sequentially attempts to capture committee members with opposite preferences before they make a decision through generalized majority voting. By characterizing the equilibria, we show that the amount of bribes...
Persistent link: https://www.econbiz.de/10013309627
This study examines the effect of political alignment on the political budget cycle in multi-level local governments (municipal and regional governments). The central government may increase transfers to politically unaligned municipalities before local elections if (1) these municipalities are...
Persistent link: https://www.econbiz.de/10014243641