We introduce a dynamic model that investigates the persistence and evolution of elite-dominated societies, where … exit options in the evolution of political inclusiveness across generations. An elite comparatively more mobile than the … generations. Exit options across different political entities lead to a joint evolution of local power structures …

strategic disadvantage: a greater voting power in forming a winning coalition is undermined by the threat of being overly …

polarization of the electorate into changes in the distribution of voter ideal positions and consequences of elite polarization …

This paper develops a model in which the interaction of entrepreneurial investments and power of the owners of land or … resources promotes structural change and growth through two channels: First, by weakening oligopsony power of owners and thereby … earned in the primary goods sector. Second, by shifting the distribution of political power from resource owners towards the …

Did the Prussian three-class franchise, which politically over-represented the economic elite, affect policy …

Elite skills have become crucial in today’s superstar economy. We develop a multi-period skillformation model where we … show that individuals with temporary disadvantages must exert greater effort to gain access to elite education. This … year become the superstars. We also show that if young students discount the future “too much”, high requirements to elite …

points higher than others. This facilitated the persistence of that elite group. A systematic analysis of 17,589 documents …