Inequality and Stability

A constitution remains in force so long as no party wishes to defect to the non-cooperative situation, and it is reinstituted as soon as each party finds it to its advantage to revert to cooperation. It is the rich, and not the poor segments of society who in our model pose the greater threat to the stability of the social order.

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Year of publication:	1997
Authors:	BARBOSA, A. S. Pinto ; JOVANOVIC, Boyan ; SPIEGEL, Mark M.
Published in:	Annales d'Economie et de Statistique. - École Nationale de la Statistique et de l'Admnistration Économique (ENSAE). - 1997, 48, p. 15-40
Publisher:	École Nationale de la Statistique et de l'Admnistration Économique (ENSAE)

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Extent:	application/pdf
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

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