China’s reform worked and produced some of the most impressive growth in the largest developing and transition economy … conventional institutions such as rule of law and secure private property rights is puzzling. To understand how reform works in a … initial conditions and to function as stepping stones in the transition toward the goal. Underlying China’s reform is a serial …

different models of growth associated with different stages of reform. The speed with which individual countries progress …

private firm. We solve analytically for the Kantian equilibrium of this lobbying game together with the majority voting … more concentrated among the top productivity individuals, their increased lobbying effort generates efficiency as well as …

An extensive literature has studied lobbying by special interest groups. We analyze a novel lobbying channel: lobbying … politically motivated spenders of similar magnitude, stressing the economic importance of this lobbying channel. These findings …