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Oligarchic Versus Democratic Societies
Acemoglu, Daron - Collegio Carlo Alberto, Università degli Studi di Torino - 2007
This paper develops a model to analyze economic performance under different political regimes. An oligarchic society, where political power is in the hands of major producers, protects their property rights, but also tends to erect significant entry barriers against new entrepreneurs. Democracy,...
Persistent link: https://www.econbiz.de/10005094060
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Emergence and Persistence of Inefficient States
Acemoglu, Daron; Ticchi, Davide; Vindigni, Andrea - Collegio Carlo Alberto, Università degli Studi di Torino - 2006
. This enables them to reduce the amount of redistribution and public good provision in democracy. Moreover, the inefficient … with an inefficient state is more likely to arise when there is greater inequality between the rich and the poor, when …
Persistent link: https://www.econbiz.de/10005094078
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A Theory of Military Dictatorships
Acemoglu, Daron; Ticchi, Davide; Vindigni, Andrea - Collegio Carlo Alberto, Università degli Studi di Torino - 2008
show that greater inequality makes the use of the military in nondemocratic regimes more likely and also makes it more di …¢ cult for democracies to prevent military coups. In addition, greater inequality also makes it more likely that …
Persistent link: https://www.econbiz.de/10005405553