We suggest a dynamic game theoretic model to explain why resource abundance may lead to instability of democracy … Autocrat down. It is shown that the probability of democracy preservation is decreasing in the amount of resources if the … low institutional quality, a paradoxical effect takes place: the probability of democracy preservation may decrease with …

deviation increase in democracy can reduce nominal instability nearly fourfold. This impact is robust to alternative measures of … democracy, samples, covariates, and definitions of conflict. It is particularly noteworthy that a variety of nominal pathologies …