“…Instead we consider that the process of alliance, or group, formation dominates the allocation of rents when the opportunity to preference loyal group members is available in a long run game of qui pro quo (Reuben, 2002). This approach has a long history in the study of the political influence of interest groups (Olson, 1965;Heinz et al , 1990;Mitchell & Munger, 1991;Reuben, 2002;Beyers et al , 2008;Grossmann & Dominguez, 2009), and broadly incorporates the phenomena of nepotism, cronyism, and the revolving door of personnel between elite positions in government and private sector (Etzion & Davis, 2008;i Vidal et al , 2012;Moore, 2014).…”