Cuaresma, Jesus Crespo; Oberhofer, Harald; Raschky, Paul - Institut für Finanzwissenschaft, Fakultät für …
This paper develops a simple model that analyses the relationship between a country?s oil endowment and the duration of its autocratic leader. The dictator uses the rents from oil extraction for both personal gain and to pay-off potential opposition and chooses an optimal level of oil...