Acemoglu, Daron; Robinson, James A. - 2021
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 …We construct a model of simultaneous change and persistence in institutions. The model consists of landowning elites …