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AbstractThe logic behind redistribution theories is that incumbents target benefits to build and sustain linkages with voters. However, a recent literature shows that some benefits can have a countervailing effect in environments plagued by clientelism: by permanently boosting voters' incomes, irrevocable and durable benefits might reduce their dependence on incumbents. This article explains how parties strategically allocate these benefits when trading off the income effect relative to the standard electoral rewards of redistribution. The theory highlights a previously unstudied rationale to target opposition areas: to weaken voters' dependence on machines. The framework is tested with administrative data on the allocation of cisterns by state governments across Brazilian semi‐arid municipalities, where clientelism is rampant. States favor areas governed by copartisans, but only where local clientelistic mobilization is weak. Where it is strong, states favor municipalities led by the opposition, while avoiding their own local strongholds.

Praise for Alternative Assets and Strategic Allocation. "This book fills an otherwise empty niche in the literature of alternative investing. Neither breathless cheerleading nor a dry mathematical tome, it focuses on the numerous real-world issues that face practitioners. I recommend Alternative Assets and Strategic Allocation to anyone with a serious interest in investing."--Steven Resnick, General Partner, Navigator Capital Partners. "I think this book is a must-read for those interested in alternative investments. John's years of due diligence experience and his fresh and ca.

This report summarizes findings from an allocative efficiency and financial commitment analysis conducted for the Government of Zambia by the World Bank and the University of New South Wales. It uses Optima, a mathematical model of HIV transmission and disease progression. Optima is a population-based and flexible model, which provides a formal method of optimization and determines optimal allocations of HIV resources across numerous HIV programs, target populations, and funding levels. It also provides epidemic, investment scenario and financial commitment analysis.