politicians. Two political frictions (ideological adherence and a super- majority requirement) impair political competition and … lead to equilibria, where politicians receive corruption bribes. Furthermore, the model implies a non …

Remuneration for politicians has been discussed frequently and thus, has been the subject of many reforms in recent … politicians. It is well known that the amount of remuneration of a Bavarian mayor is regulated by constitutionally defined … population thresholds. Utilizing this exogenous variation in the remuneration of politicians, I apply the quasiexperimental …

This paper proposes a dynamic politico-economic theory of debt, government finance and expenditure. Agents have … consumption, the less debt is accumulates. We extend the analysis to redistributive policies and political shocks. The theory …