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Diversity and the Power of the Elites in Democratic Societies: A Model and a Test

Bandiera, Oriana; Levy, Gilat - London School of Economics and Political Science - 2010

This paper analyzes whether political outcomes in local democracies are determinedby the preferences of the median -typically poor- agents or whether they reflect thewishes of the wealthy elites. A model shows that when politicians belonging to differentgroups can form coalitions, the wealthy...

Persistent link: https://www.econbiz.de/10005870957

Political dynasties

Dal Bó, Ernesto; Dal Bó, Pedro; Snyder, Jason - 2006

We study political dynasties in the United States Congress since its inception in 1789. We document patterns in the evolution and profile of political dynasties, study the self-perpetuation of political elites, and analyze the connection between political dynasties and political competition. We...

Persistent link: https://www.econbiz.de/10010318863

Promiscuous elites and economic development

Brezis, Elise S. - 2012

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