In a society composed of a ruler and its citizens: what are the determinants of the political equilibrium between these two? This paper approaches this problem as a game played between a ruler who has to decide the distribution of the aggregate income and a group of agents/citizens who have the...

This paper uses household data from India to examine the economic and social status of village politicians, and how individual and village characteristics affect politician behavior while in office. Education increases the chances of selection to public office and reduces the odds that a...

This study investigates persistence of global terrorism in a panel of 163 countries for the period 2010 to 2015. The empirical evidence is based on Generalised Method of Moments. The following findings are established. First, persistence in terrorism is a decreasing function of income levels...

In many developing countries, we observe rather high levels of corruption. This is surprising from a political economy perspective, as the majority of people generally suffers from high corruption levels. We explain why citizens do not exert enough political pressure to reduce corruption if...

In transition and developing countries, we observe rather high levels of corruption even if they have democratic political systems. This is surprising from a political economy perspective, as the majority of people generally suffers from high corruption levels. Our model is based on the fact...

In a society composed of a ruler and its citizens: what are the determinants of the political equilibrium between these two? This paper approaches this problem as a game played between a ruler who has to decide the distribution of the aggregate income and a group of agents/citizens who have the...

This paper uses household data from India to examine the economic and social status of village politicians, and how individual and village characteristics affect politician behavior while in office. Education increases the chances of selection to public office and reduces the odds that a...

Investment liberalizing countries are often concerned that cross-border mergers & acquisitions, in contrast to greenfield investments, might have an adverse effect on domestic firms and consumers. However, given that domestic assets are sufficiently scarce, we identify a preemption effect and an...

Investment liberalizing countries are often concerned that cross-border mergers & acquisitions, in contrast to greenfield investments, might have an adverse effect on domestic firms and consumers. However, given that domestic assets are sufficiently scarce, we identify a preemption effect and an...