Elections and Property Rights

A Natural Experiment From Russia

Datos Bibliográficos

ID6246764
AutoresTimothy Frye (0000-0001-8633-2046, Columbia University, NY, USA, autor de correspondencia), Andrei Yakovlev (0000-0003-2273-0971, Russian Federation)
Año2016
Volumen49
Número4
Páginas499-528
Fecha de publicación2016-03-01
Peer ReviewedSí
Open AccessSí
TipoARTICLE
RevistaComparative Political Studies (JOURNAL)
Identificadores de la revistaISSN: 0010-4140 • E-ISSN: 1552-3829
EditorialSAGE Publications Inc (PUBLISHER)
DOI10.1177/0010414015621074
OpenAlexW2281810045
IdiomaEN
Citas recibidas13
Referencias citadas43

The relative bargaining power of rulers and right holders is thought to be a key determinant of property rights, but because it both shapes and is shaped by property rights, it is difficult to estimate the impact of bargaining power on property rights. We take advantage of a natural experiment by comparing the responses of managers interviewed just before and just after a surprising parliamentary election in Russia that weakened the relative bargaining power of the ruling party. This electoral shock had little impact on the perceived property rights of the average firm, but firms with close economic ties to the state viewed their property as more vulnerable after the election. By exploiting largely exogenous variation in the timing of survey interviews, we estimate the impact of bargaining power on property rights with greater precision. We also contribute to the literature on elections under autocracy by focusing on their economic, rather than political, impacts on individuals

Autocracy · Bargaining power · Democracy · Economics · Law and economics · Microeconomics · Natural experiment · Political economy · Political science · Politics · Power (physics · Property (philosophy · Property rights · Shock (circulatory · State (computer science · Corruption and Economic Development · Law · Law, Economics, and Judicial Systems · Political Influence and Corporate Strategies