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In immature democracies, businessmen run for public office to gain direct control over policy, whereas in mature democracies they typically rely on other means of influence. We develop a simple model to show that businessmen run for office only when two conditions hold. First, as in many...
Persistent link: https://www.econbiz.de/10005245743
When governments care about tax revenues, the taxability of different forms of economic activity will influence the decisions of governments about what activity to support. If factors of production are mobile across sectors which differ in their taxability, political economies will organize...
Persistent link: https://www.econbiz.de/10005357263
Politicians care about tax revenues in part because they pay for transfers or public goods which are important to voters, and which are therefore important for the politician’s reelection. When economic sectors differ in their taxability, i.e. the degree to which tax revenues can be extracted...
Persistent link: https://www.econbiz.de/10005245733
Much theory of the state assumes a contractual relationship between state and society, where the former provides services valued by the latter, typically in return for revenues. However, as emphasized by many scholars, various transaction costs endemic to state-society relations may prevent the...
Persistent link: https://www.econbiz.de/10005171028
We present a formal model of government control of the media to illuminate variation in media freedom across countries and over time. Media bias is greater and state ownership of the media more likely when the government has a particular interest in mobilizing citizens to take actions that...
Persistent link: https://www.econbiz.de/10010931408
Students of politics are familiar with two common forms of influence exercised by special interests over politicians: the provision of financial support to favored candidates during election campaigns, and the application of lobbying power when dealing with elected politicians. However, in...
Persistent link: https://www.econbiz.de/10005063710
We initiate examination of the political boundaries of the firm by exploring the phenomenon of “businessman candidates”: business owners and managers who bypass conventional means of political influence to run for public office themselves. We argue that in-house production of political...
Persistent link: https://www.econbiz.de/10005652556
We initiate examination of the political boundaries of the firm by exploring the phenomenon of ‘businessman candidates’: business owners and managers who bypass conventional means of political influence to run for public office themselves. We argue that in-house production of political...
Persistent link: https://www.econbiz.de/10005136612
In immature democracies, businessmen run for public office to gain direct control over policy; in mature democracies they typically rely on other means of influence. We develop a simple model to show that businessmen run for office only when two conditions hold. First, as in many immature...
Persistent link: https://www.econbiz.de/10005136750
We study the nature of judicial bias in bankruptcy proceedings following the enactment of the 1998 bankruptcy law in Russia. The two main findings are as follows. First, regional political characteristics affected judicial decisions about the number and types of bankruptcy proceedings initiated...
Persistent link: https://www.econbiz.de/10005086554