Berlage, Lode; Capéau, Bart; Verwimp, Philip - Centrum voor Economische Studiën, Faculteit Economie … - 2003
Is it a matter of pure altruism or short-sightedness when a dictator spends an increasing amount of his revenues for the population, while cutting on own consumption? In order to be able to consume, the dictator first has to stay in power. We present a formal model of a power maximizing...