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This paper argues that in the middle ages voting institutions emerged as mechanisms that allowed rulers to cooperate with subjects on mutually profitable projects. In spite of their utility, many of these voting institutions eventually declined. We test the model on the English parliament and...
Persistent link: https://www.econbiz.de/10014069322
We explore the relationship between voting rights and taxation in medieval England and France. We hypothesize that voting was a wealth-enhancing institution formed by the ruler in order to facilitate profitable joint projects with subjects. We predict when voting rights and tax payments will be...
Persistent link: https://www.econbiz.de/10013101352