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This paper analyzes whether political outcomes in local democracies are determinedby the preferences of the median -typically poor- agents or whether they reflect thewishes of the wealthy elites. A model shows that when politicians belonging to differentgroups can form coalitions, the wealthy...
Persistent link: https://www.econbiz.de/10005870957
managed by a selectorate - a group ofindividuals on whom the leader depends to hold onto power. Goodpolicy is … institutionalized when the selectorate removes poorly per-forming leaders from office. This requires that the selectorate's holdon power … causes, that successful autocracies appear to have foundways for selectorates to nominate successors without losing power …
Persistent link: https://www.econbiz.de/10009248828
Persistent link: https://www.econbiz.de/10003535645