later. Using instrumental variables methods, we establish that this relationship 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 …

it. Moreover, this paper shows that the bureaucratic elite obtains excessive bureaucratic power, and that promiscuous … bureaucratic elite has been joining the business elite after leaving office, and this in growing numbers. This relationship has … purpose of this paper is to explain why this social behavior takes place, and why the political elite does not try to prevent …

This paper addresses the discussion between economic power and the power of politics with particular focus on financial … markets. After general reflections about the economic basis of power, the paper discusses in a general equilibrium framework …

We study utility indifference pricing of claim streams with intertemporalconsumption and power (CRRA) utilities. We …

intergenerational model which shows that a two-tier higher education characterised by a division between elite and standard universities … can be a key factor in generating permanent social stratification, social immobility and self-reproduction of the "elite … elite and standard universities. A key result is that the wider the quality gap and the difference in per student …

intergenerational framework, we show that a two-tier higher education system with standard and elite universities generates social … stratification, high social immobility and self-reproduction of the elite. Moreover, we show that the higher the relative funding for … elite universities, the higher the elite self-reproduction, and the lower social mobility. We also analyse the impacts of …

incumbent elite is a negative function of the distance to the free world. In consequence, there are conflicting effects of … geography on political power shifting. The paper provides a rationale for the counterintuitive fact that the first authoritarian …

regarding violence against women. An increase in education has also reduced the number of desired children by women and …