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Party Institutionalization and Welfare State Development
We propose that the extent to which political parties are institutionalized shapes welfare state development. Institutionalized parties allow politicians to overcome coordination problems, avoid capture by special interests, ...
Autocrats and Skyscrapers: Modern White Elephants in Dictatorships
Political leaders often have private incentives to pursue expensive and socially wasteful "white elephant" projects. Our argument highlights that weak accountability mechanisms allow autocratic leaders to more easily realize ...