Showing 1 - 10 of 12,288
results of our study, we examine whether Michels' "iron law of oligarchy" applies and whether democratic procedures for …
Persistent link: https://www.econbiz.de/10012433316
stratification effect will be even stronger. Globalization will bring about the formation of an international technocratic elite with … emergence of a transnational oligarchy. …
Persistent link: https://www.econbiz.de/10010280198
This paper develops a partial equilibrium model to account for stylized facts about the behavior of oligarchs, politically and economically strong conglomerates in transition and developing countries. The model predicts that oligarchs are more likely than other owners to invest in productivity...
Persistent link: https://www.econbiz.de/10010268738
Eliaz (2004) has established a 'meta-theorem' for preference aggregation which implies both Arrow's Theorem (1963) and the Gibbard-Satterthwaite Theorem (1973, 1975). This theorem shows that the driving force behind impossibility theorems in preference aggregation is the mutual exclusiveness of...
Persistent link: https://www.econbiz.de/10010272553
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 … it. Moreover, this paper shows that the bureaucratic elite obtains excessive bureaucratic power, and that promiscuous …
Persistent link: https://www.econbiz.de/10010335988
I study a model where Information Technology, while typically increasing overall inequality, is likely to harm some people at intermediate and high levels of the distribution of income but to benefit people at the bottom. Within a given occupation it may harm some workers while benefitting...
Persistent link: https://www.econbiz.de/10010262486
This paper shows that the design of education policy involves a potential conflict between welfare and social mobility. We consider a setting in which social mobility is maximized under the least elitist public education system, whereas welfare maximization calls for the most elitist system. We...
Persistent link: https://www.econbiz.de/10010266092
entrepreneurial elite, resulting in economic policy and institutions which are more conducive to entrepreneurship and productivity …
Persistent link: https://www.econbiz.de/10010267484
The aim of this paper is to examine the evolution of recruitment of elites and to investigate the nature of the links between recruitment of elites and economic growth. The main change that occurred in the way the Western world trained its elites is that meritocracy became the basis for their...
Persistent link: https://www.econbiz.de/10010261105
entrepreneurial elite, resulting in economic policy and institutions which are more conducive to entrepreneurship and productivity …
Persistent link: https://www.econbiz.de/10010261348