special circumstances. In the early 1840s, however, a major fiscal crisis forced a number of states to default on their bonded …

preservation ensures no comprehensive reform path may command broad support. The roots of underdevelopment may therefore lie in the …

This paper investigates the impact of elite capture on the allocation of targeted government welfare programs in … Indonesia, using both a high-stakes field experiment that varied the extent of elite influence and non-experimental data on a … lists. However, while elite capture exists, the welfare losses it creates appear small: since formal elites and their …

rents for bureaucrats than would an efficient state structure. When the poor come to power in democracy, they will reform …

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

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 …