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system, and second, that presidents have more power with respect to their own coalition than prime ministers do. These … setting power to another group. We argue that the model is consistent with a great deal of qualitative information about …
Persistent link: https://www.econbiz.de/10012765565
Thomas Piketty's (2014) book, Capital in the 21st Century, follows in the tradition of the great classical economists, like Marx and Ricardo, in formulating general laws of capitalism to diagnose and predict the dynamics of inequality. We argue that general economic laws are unhelpful as a guide...
Persistent link: https://www.econbiz.de/10013039764
political power. The ruling coalition consists of a subset of the individuals in the society and decides the distribution of …-transferable utility cooperative game. In all cases, the nature of the ruling coalition is determined by the power constraint, which …
Persistent link: https://www.econbiz.de/10012778980
society consists of rich and poor individuals. The rich are initially in power, but expect to transition to democracy, which … rents for bureaucrats than would an efficient state structure. When the poor come to power in democracy, they will reform …
Persistent link: https://www.econbiz.de/10012778981
political power can lead to multiple equilibria in the determination of public education spending. The main predictions of the …
Persistent link: https://www.econbiz.de/10012776201
is causal: a longer period in power increases the chance that a person may start (or continue) a political dynasty …. Therefore, dynastic political power is self-perpetuating in that a positive exogenous shock to a person's political power has … persistent effects through posterior dynastic attainment. In politics, power begets power …
Persistent link: https://www.econbiz.de/10012776882
) and civil society (representing non-elite citizens), where both players can invest to increase their power. The model …
Persistent link: https://www.econbiz.de/10012950052
the intensity of holding gold is correlated with 'global power' - by the history of being a past empire, or by the sheer …
Persistent link: https://www.econbiz.de/10013109858
unanticipated) changes in the distribution of political power and in economic structure. We focus on the Markov Voting Equilibria …, which require that economic and political changes should take place if there exists a subset of players with the power to … institutions as well as individual types can be ordered, and preferences and the distribution of political power satisfy natural …
Persistent link: https://www.econbiz.de/10013080197
We report on an on-going project, which asks a number of questions relevant to the study of state capacity. What are the main economic and political determinants of the state's capacity to raise revenue and support private markets? How do risks of violent conflict affect the incentives to invest...
Persistent link: https://www.econbiz.de/10013152438