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Publication - Dr Francesco Giovannoni

    Corruption and power in democracies

    Citation

    Giovannoni, F & Seidmann, DJ, 2014, ‘Corruption and power in democracies’. Social Choice and Welfare, vol 42., pp. 707-734

    Abstract

    We study the implications of Acton's dictum that power corrupts when citizens vote (for three parties) and governments then form in a series of elections. In each election, parties have fixed tastes for graft, which affect negotiations to form a government if parliament hangs; but incumbency changes tastes across elections. Our model entails various plausible predictions about long-run patterns of government. Acton's dictum results in possible government turnover, and in different predictions about possible government composition: for example, that the grand coalition may form.

    Full details in the University publications repository