作者：Martinez-Bravo, Monica; Mukherjee, Priya; Stegmann, Andreas
作者单位：William & Mary
摘要：Democracies widely differ in the extent to which powerful elites and interest groups retain influence over politics. While a large literature argues that elite capture is rooted in a country's history, our understanding of the determinants of elite persistence is limited. In this paper, we show that allowing old-regime agents to remain in office during democratic transitions is a key determinant of the extent of elite capture. We exploit quasi-random from Indonesia: Soeharto-regime mayors were...
作者：Hastings, Justine; Hortacsu, Ali; Syverson, Chad
作者单位：Brown University; National Bureau of Economic Research; University of Chicago; University of Chicago
摘要：This paper examines how sales force impacts competition and equilibrium prices in the context of a privatized pension market. We use detailed administrative data on fund manager choices and worker characteristics at the inception of Mexico's privatized social security system, where fund managers had to set prices (management fees) at the national level, but could select sales force levels by local geographic areas. We develop and estimate a model of fund manager choice where sales force can in...
