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We provide a general framework for the analysis of the dynamics of institutional change (e.g., democratization), and how this interacts with (anticipated and unanticipated) changes in the distribution of political power and changes in economic structure. We focus on the Markov voting equilibria,...
Persistent link: https://www.econbiz.de/10010856643
We provide a general framework for the analysis of the dynamics of institutional change (e.g., democratization, extension of political rights or repression of different groups), and how these dynamics interact with (anticipated and unanticipated) changes in the distribution of political power...
Persistent link: https://www.econbiz.de/10010950976
We study the formation of a ruling coalition in non-democratic societies where institutions do not enable political commitments. 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...
Persistent link: https://www.econbiz.de/10005242760
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
Persistent link: https://www.econbiz.de/10009325501
In dynamic collective decision making, current decisions determine the future distribution of political power and influence future decisions. We develop a general framework to study this class of problems. Under acyclicity, we characterize dynamically stable states as functions of the initial...
Persistent link: https://www.econbiz.de/10010551894
A central feature of collective decision-making in many social groups, such as political coalitions, international unions, or private clubs, is that the rules that govern regulations, procedures for future decision-making, and inclusion and exclusion of members are made by the current members...
Persistent link: https://www.econbiz.de/10010554506
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 the formation of a ruling coalition in non-democratic societies where institutions do not enable political commitments. 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...
Persistent link: https://www.econbiz.de/10010637921
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/10005714421