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Investment capacity and the electoral marketplace: evidence from Brazil
The importance of money in elections is a hallmark of contemporary democracies. In this paper, we study how investment capacity, defined as the resources remaining after the municipality perform the mandatory expenditures, ...
Institutional determinants of democratic survival
How institutions influence the survival of democracies? In this paper, I consider a model of democracy that incorporates institutional features in the classical income redistribution models. The article starts with a ...