Cervellati, Matteo; Fortunato, Piergiuseppe; Sunde, Uwe - Institute for the Study of Labor (IZA) - 2006
We study the process of endogenous democratization from inefficient oligarchic systems in an economy where … the conditions under which democratization initially takes place. The political regime and the extent of redistribution … enforcement of property rights depends on the extent of predation activities in the economy. The theory highlights the importance …