Ticchi, Davide; Vindigni, Andrea - Institute for the Study of Labor (IZA) - 2008
aftermath of major wars. Motivated by this fact, we offer a theory of political transitions which focuses on the impact of … an oligarchy adopting a mass-army may voluntarily decide to promise some amount of income redistribution to its citizens …-compatible redistribution, they may cope with the moral hazard problem of the citizens-soldiers only by relinquishing political power to them …