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During Egypt's Arab Spring, unprecedented popular mobilization and protests brought down Hosni Mubarak's government and … military, and the Islamist Muslim Brotherhood. Street protests continued to play an important role during this power struggle …. We show that these protests are associated with differential stock market returns for firms connected to the three groups …
Persistent link: https://www.econbiz.de/10011083238
were commanded by colonels and in those where checks coming from civilian judicial institutions were weaker. We further … worsening of local judicial institutions and the security situation, with more frequent attacks not just by the guerillas but …
Persistent link: https://www.econbiz.de/10011573044
When voters fear that politicians may have a right-wing bias or that they may be influenced or corrupted by the rich elite, signals of true left-wing conviction are valuable. As a consequence, even a moderate politician seeking reelection chooses ‘populist’ policies – i.e., policies to the...
Persistent link: https://www.econbiz.de/10009303068
conflicting preferences of her “future selves,” and that the evolution of institutions is determined through the implicit …
Persistent link: https://www.econbiz.de/10011491901
institutions as well as individual types can be ordered, and preferences and the distribution of political power satisfy natural … stochastically grab power and the dynamics of collective experimentation over institutions …
Persistent link: https://www.econbiz.de/10013063669
institutions as well as individual types can be ordered, and preferences and the distribution of political power satisfy natural …
Persistent link: https://www.econbiz.de/10010950976
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/10005086580
When voters fear that politicians may have a right-wing bias or that they may be influenced or corrupted by the rich elite, signals of true left-wing conviction are valuable. As a consequence, even a moderate politician seeking reelection chooses "populist' policies - i.e., policies to the left...
Persistent link: https://www.econbiz.de/10009251515
We study dynamic selection of governments under different political institutions, with a special focus on institutional …
Persistent link: https://www.econbiz.de/10014205726
A central feature of dynamic collective decision-making is that the rules that govern the procedures for future decision-making and the distribution of political power across players are determined by current decisions. For example, current constitutional change must take into account how the...
Persistent link: https://www.econbiz.de/10014216070