Corruption, Competition, and Contracts A Model of Vote Buying

Author/creator Vardy, Felix J. J. Author
Other author Morgan, John Author
Format Electronic
Publication InfoWashington : International Monetary Fund
Description39 p.
Supplemental ContentFull text available from Ebook Central - Academic Complete

Summary Annotation In the presence of competing interest groups, this paper examines how the form of votebuying contracts affects policy outcomes. We study contracts contingent upon individual votes, policy outcomes, and/or vote shares. Voters either care about their individual votes, or about the policy outcome. We find that vote buying is cheaper when what can be contracted upon coincides with what voters care about. Vote buying becomes extremely costly, or even impossible, when there is no such coincidence. Finally, vote buying is extremely cheap, or even free, when contracts can be contingent upon both individual votes and vote shares.
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Technical detailsMode of access: World Wide Web
Genre/formElectronic books.
ISBN9781451908077
ISBN1451908075 (E-Book) Active Record
Stock number00013468

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