to coalitional expropriation. More equally distributed power and higher congruence of land and power favor stable markets …. Whether markets are stable forever in a dynamic setting, or alternate with expropriation in a limit cycle, decreasing … efficiency and amplifying macroeconomic fluctuations, depends on social mobility, initial inequality, and the mismatch between …

expropriation. In a dynamic setting, market payoffs may induce sufficient inequality in next period's endowments for markets to … alternate with expropriation in a limit cycle, decreasing efficiency and amplifying macroeconomic fluctuations. Long run …

-led engagement in non-agricultural activities would be inequality-decreasing through increasing the incomes of the poorer parts of … the population and would reduce poverty. Opportunity-led diversification, by contrast, would increase inequality and have … opportunity-led diversification. Yet, the poverty and inequality implications of the differently motivated diversification …