Acemoglu, Daron; Ticchi, Davide; Vindigni, Andrea - Collegio Carlo Alberto, Università degli Studi di Torino - 2006
society consists of rich and poor individuals. The rich are initially in power, but expect to transition to democracy, which …. This enables them to reduce the amount of redistribution and public good provision in democracy. Moreover, the inefficient … rents for bureaucrats than would an efficient state structure. When the poor come to power in democracy, they will reform …