The thesis studies the potential of incentive contracts for politicians using game-theoretic methods. Supplementing the … election mechanism with these contracts is a new idea to make politicians more accountable. Two types of incentive contracts … enhance the accountability of politicians and to increase social welfare. …

. Consequently, higher substitutability is associated with greater polarization in wealth, and long-run distributions that are …

Increasing political polarization implies that each election expands the gap between the supporters of the losing side … substantially across contexts. The polarization of parties explains most of this variance, suggesting that, in a polarized … democratic backsliding. ; Increasing political polarization implies that each election expands the gap between the supporters of …

. ; Polarization can have economic effects if the hostility between political camps (i.e., affective polarization) shapes economic …

hardly recover from the financial crisis which started in 2008, the European Union existing a clear tendency of polarization …

hardly recover from the financial crisis which started in 2008, the European Union existing a clear tendency of polarization …

true costs of public spending in terms of taxes raised. It would also create more complete incentives for politicians to …