Before revision: An analytical framework for dealing with political entrepreneurship and reform was proposed by Michael Wohlgemuth based on some new combinations of Schumpeterian political economy, an extended version of Tullock's model of democracy as franchise-bidding for natural monopoly and some basic elements of New Institutional Economics.
After revision: "An analytical framework for dealing with political entrepreneurship and reform was proposed by Michael Wohlgemuth based on some new combinations of Schumpeterian political economy, an extended version of Tullock's model of democracy as franchise-bidding for natural monopoly and some basic elements of New Institutional Economics.