1.

Record Nr.

UNINA9910788699203321

Autore

Vardy Felix

Titolo

Corruption, Competition, and Contracts : : A Model of Vote Buying / / Felix Vardy, John Morgan

Pubbl/distr/stampa

Washington, D.C. : , : International Monetary Fund, , 2006

ISBN

1-4623-1147-4

1-4527-3804-1

1-283-51666-7

9786613829115

1-4519-0807-5

Descrizione fisica

1 online resource (23 p.)

Collana

IMF Working Papers

Altri autori (Persone)

MorganJohn

Soggetti

Corruption

Competition

Finance: General

Taxation

Criminology

Social Choice

Clubs

Committees

Associations

Models of Political Processes: Rent-seeking, Elections, Legislatures, and Voting Behavior

Positive Analysis of Policy-Making and Implementation

General Financial Markets: General (includes Measurement and Data)

Taxation, Subsidies, and Revenue: General

Bureaucracy

Administrative Processes in Public Organizations

Finance

Public finance & taxation

Corporate crime

white-collar crime

Tax incentives

Financial markets

Crime

United Kingdom



Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

"January 2006."

"IMF Institute."

Nota di bibliografia

Includes bibliographical references.

Nota di contenuto

""Contents""; ""I. Introduction""; ""II. The Model""; ""III. Variation in Contracts""; ""A. Contracting on Votes""; ""B. Contracting on Outcomes""; ""C. Contracting on Votes and Vote Shares""; ""IV. Related Literature""; ""V. Conclusions""; ""References""

Sommario/riassunto

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.