This paper analyzes regime change via a peaceful revolution. Under these circumstances, peaceful manifestations of unrest reach a point at which the prevailing political system collapses and is replaced by a system that provides more freedom. Such regime change occurred in East Germany,...

This paper investigates empirically the determinants of political stability in one-party states, taking as an example socialist Yugoslavia. The authors assume that the number of the party members is an indicator of the stability of the regime and perform a time series analysis for the six...

This paper presents a theory of spontaneous privatization based on rational expected-utility maximizing behavior by incumbent communists who foresee the end of communist rule and transform political power into asset ownership. The conclusions of the theory are supported by the privatization...

The paper investigates empirically the determinants of political stability in one-party states, taking as an example socialist Yugoslavia. We assume that the number of the Party members is an indicator of the stability of the regime and perform a time series analysis for the six Yugoslav...