Farvaque, Etienne; Mihailov, Alexander; Naghavi, Alireza - Dipartimento di Economia "Marco Biagi", Università … - 2011
This paper aims to explain the rise and fall of communism by exploring the interplay between economic incentives and social preferences in different economic systems. We introduce inequality-averse and ine¢ ciency-averse agents responding to economic incentives and transmitting their ideology...