revisits the question of how attending an elite college affects later-life outcomes. We expand the scope along two dimensions …

nondemocracy to democracy, alters the distribution of de jure political power, but the elite can intensify their investments in de … we refer to as invariance. When the model is enriched to allow for limits on the exercise of de facto power by the elite … may survive, but choose economic institutions favoring the elite. The main ideas featuring in the model are illustrated …

This paper replicates a classic study of the American business elite. The older study done a half-century ago, reported … the composition of the" American business elite has changed. As in the earlier study, the business elite is compared to a …" sample of political leaders. I find that democratization of the business elite has progressed only" slightly in the past …

means to protect the economic interests of the once ruling elite. Under quot;democratic federalismquot; the constitution … creates an annual policy game where the new majority and the elite each control one policy instrument of importance to the … other. The game has a stable, stationary equilibrium that the elite may prefer to autocratic rule. We apply our analysis to …

The lawsuit Students For Fair Admissions v. Harvard University provided an unprecedented look at how an elite school …

the carrot and involves low coercion, low inequality, and low effort. A society in which the elite control the means of …—even from the viewpoint of the elite—to establish equality before the law, where all agents are subject to the same coercive … limits on the extent of coercion, greater marginal returns to effort, increases in the size of the elite group, greater …