may arise as a predatory hierarchy from a state of pure anarchy. A dictator minimizes the probability of a palace … associated with anarchy and weak dictators, while strong dictators implement a system of monopolistic corruption. Efforts at …

Public choice economists began studying the economics of anarchy in the 1970s. Since then, the amount of research on … anarchy has burgeoned. This article surveys the important public choice contributions to the economics of anarchy. Following … their historical studies of attempts to internalize externalities under anarchy, public choice scholars are arriving at a …

The purpose of this paper is twofold. We first develop a contractarian theory of redistribution. The existence of rules … in trade. The second purpose of the paper is to develop a theory of institutions that implement optimal allocations. We …