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We study the formation of a ruling coalition in political environments. Each individual is endowed with a level of political power. The ruling coalition consists of a subset of the individuals in the society and decides the distribution of resources. A ruling coalition needs to contain enough...
Persistent link: https://www.econbiz.de/10012778980
attention, however. In this paper, we present a simple theory of the emergence and persistence of inefficient states. The …
Persistent link: https://www.econbiz.de/10012778981
We study the formation of a ruling coalition in political environments. Each individual is endowed with a level of political power. The ruling coalition consists of a subset of the individuals in the society and decides the distribution of resources. A ruling coalition needs to contain enough...
Persistent link: https://www.econbiz.de/10012465911
attention, however. In this paper, we present a simple theory of the emergence and persistence of inefficient states. The …
Persistent link: https://www.econbiz.de/10012465912