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dc.contributor.authorAcemoglu, Daron
dc.contributor.authorRobinson, James A.
dc.contributor.authorTorvik, Ragnar
dc.date.accessioned2011-08-15T21:45:22Z
dc.date.available2011-08-15T21:45:22Z
dc.date.issued2011-07-17
dc.identifier.urihttp://hdl.handle.net/1721.1/65158
dc.description.abstractVoters often dismantle constitutional checks and balances on the executive. If such checks and balances limit presidential abuses of power and rents, why do voters support their removal? We argue that by reducing politician rents, checks and balances also make it cheaper to bribe or influence politicians through non-electoral means. In weakly-institutionalized polities where such non-electoral influences, particularly by the better organized elite, are a major concern, voters may prefer a political system without checks and balances as a way of insulating politicians from these influences. When they do so, they are effectively accepting a certain amount of politician (presidential) rents in return for redistribution. We show that checks and balances are less likely to emerge when (equilibrium) politician rents are low; when the elite are better organized and are more likely to be able to influence or bribe politicians; and when inequality and potential taxes are high (which makes redistribution more valuable to the majority). We show that the main intuition, that checks and balances, by making politicians “cheaper to bribe,” are potentially costly to the majority, is valid under different ways of modeling the form of checks and balances. Keywords: corruption, checks and balances, political economy, redistribution, separation of powers, taxes.en_US
dc.language.isoen_USen_US
dc.publisherCambridge, MA: Department of Economics, Massachusetts Institute of Technologyen_US
dc.relation.ispartofseriesWorking paper (Massachusetts Institute of Technology, Department of Economics);11-20
dc.rightsAn error occurred on the license name.en
dc.rights.uriAn error occurred getting the license - uri.en
dc.subjectCorruptionen_US
dc.subjectChecks and Balancesen_US
dc.subjectPolitical economyen_US
dc.subjectRedistributionen_US
dc.subjectSeparation of powersen_US
dc.subjectTaxesen_US
dc.titleWhy Do Voters Dismantle Checks and Balances?en_US
dc.typeWorking Paperen_US


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