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Machterhaltungsrestriktion in einer Demokratie bindend, in einer Diktatur dagegen nicht. Der Aufsatz liefert damit eine weitere theoretische … Erklärung für die positive Korrelation zwischen Demokratie und Wohlstand, die sich im Querschnittsvergleich zeigt. … provides one more theoretical explanation for the positive correlation between the de-gree of democracy and prosperity in cross …
Persistent link: https://www.econbiz.de/10009305403
During the past two centuries, western nations have successively extended the voting franchise to citizens of lower income. We explain this process of democratization as a rational way for incumbent elites to wage war effectively on other nations, as in a strategic game of international conflict...
Persistent link: https://www.econbiz.de/10012992613
We study the incentives to expropriate foreign capital under democracy and oligarchy. We model a two-sector small open …
Persistent link: https://www.econbiz.de/10014220862
Persistent link: https://www.econbiz.de/10013446500
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This is a game-theoretic analysis of the link between regime type and international conflict. The democratic electorate can credibly punish the leader for bad conflict outcomes, whereas the autocratic selectorate cannot. For the fear of being thrown out of office, democratic leaders are (i) more...
Persistent link: https://www.econbiz.de/10010320243
This paper discusses and proposes random selection as a component in decision-making in society. Random procedures have played a significant role in history, especially in classical Greece and the medieval city-states of Italy. We examine the important positive features of decisions by random...
Persistent link: https://www.econbiz.de/10010359999
Although the application of the conceptual and analytical framework of economics to the study of populism is still in its infancy, great advances have been made in recent years. This paper reviews some key contributions behind this progress. When analyzing populism, economists face two...
Persistent link: https://www.econbiz.de/10012009237
When politicians are provided with insufficient incentives by the democratic election mechanism, we show that social welfare can be improved by threshold contracts. A threshold incentive contract stipulates a performance level which a politican must reach in order to have the right to stand for...
Persistent link: https://www.econbiz.de/10011408440
innerhalb einer Demokratie zwischen den Wählern und dem gewählten Regierungschef vorliegt. Es zeigt sich, dass es Demokratien …
Persistent link: https://www.econbiz.de/10010225096