Pure-strategy Nash equilibrium in the spatial model with valence: existence and characterization

Public Choice - Pure-strategy Nash equilibria almost never exist in spatial majority voting games when the number of positional dimensions is at least two, as the majority core is typically empty...     

Trade openness-industrialization nexus revisited in Africa

Economic Change and Restructuring - The objective of this paper is to revisit the nature of the link between trade openness and industrialization in Africa over the period 1990–2019. Given...     

Bribing votes: A new explanation to the ``inequality-redistribution' puzzle in LDC's

The recent empirical literature on redistribution and developmentemphasizes two main evidences: (i) more redistribution generallyinduces higher growth rates and (ii) more inequality does notnecessarily increase the political demand for redistribution.These stylized facts are at odds with the correlations observedin developed countries. Several theoretical arguments can beadvanced to explain these puzzles. In this paper, it is shownthat ``vote purchases'' may be seen as an additional argument toexplain puzzle (ii). We formalize this idea and examine theconditions under which vote bribes may be an obstacle toredistribution (and thus to growth) in a developing economy.