Acemoglu, Daron; Ticchi, Davide; Vindigni, Andrea - 2006
society consists of rich and poor individuals. The rich are initially in power, but expect to transition to democracy, which … rents for bureaucrats than would an efficient state structure. When the poor come to power in democracy, they will reform …, but they may further expand the size of bureaucracy so as to gain additional votes. The model shows that an equilibrium …