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We develop a continuous time dynamic game to provide with a benchmark theory of Arab Spring-type events. We consider a … institutional change literature. Finally, we emphasize how the theory may help explaining some key features of the Arab Spring. …
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Increasing the realism with respect to the representation of actors, decision-making, and institutions is critical to better understand the transition towards a low-carbon sustainable society since actors, decision-making, and institutions are the defining elements of transition pathways. In...
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Over a quarter of the world's population lives in economies that have undertaken transitions from central planning to market economies. These transitions entail far-reaching and complex changes in social, economic and political institutions and have had widely divergent outcomes. Important...
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