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Apuntes 67 capitulo 4.pdf - Universidad del Pacífico

Apuntes 67 capitulo 4.pdf - Universidad del Pacífico

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110<br />

Abstract<br />

<strong>Apuntes</strong> <strong>67</strong>, segundo semestre 2010 / McMillan y Zoido<br />

Which of the democratic checks and balances –opposition parties, the judiciary,<br />

a free press– is the most forceful? Peru has the full set of democratic institutions.<br />

In the 1990s, the secret-police chief Montesinos systematically undermined<br />

them all with bribes. We quantify the checks using the bribe prices. Montesinos<br />

paid a television channel owner about 100 times what he paid a judge or a<br />

politician. One single television channel’s bribe was five times larger than the<br />

total of the opposition politicians’ bribes. By revealed preference, the strongest<br />

check on the government’s power was the news media.<br />

Keywords: authoritarianism, corruption, democracy, Peru, politics.

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