asymmetric model that is called “oligarchy”(1). For a better understanding of oligarchy we consider an oligarchic society, where …

We study the incentives to expropriate foreign capital under democracy and obligarchy. We model a two-sector small open …

development path from monarchy to oligarchy and .nally to democracy with full surage. When it is too costly for any group of …

development path from monarchy to oligarchy and ?finally to democracy with full suffrage. When it is too costly for any group of …

democracy because of within-elite conflict, and how the unequal distribution of income in oligarchy supports the oligarchic … significant entry barriers against new entrepreneurs. Democracy, where political power is more widely di used, imposes … redistributive taxes on producers, but tends to avoid entry barriers. When taxes in democracy are high and the distortions caused by …

Thinking about the intellectual journey that Michels undertook, one whereby his critique of social democracy and of the … to one another. Hence it follows a necessary connection between the Michels' 'iron law of the oligarchy' and the 'law of …