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In this paper the political economy of revolutions is revisited, as it has been developed and applied in a number of publications by Acemoglu and Robinson. We criticize the fact that these authors abstract from collective-action problems and focus on inequality of income or wealth instead. In...
Persistent link: https://www.econbiz.de/10010307191
In this paper the political economy of revolutions is revisited, as it has been developed and applied in a number of publications by Acemoglu and Robinson. We criticize the fact that these authors abstract from collective-action problems and focus on inequality of income or wealth instead. In...
Persistent link: https://www.econbiz.de/10010734053
In this paper the political economy of revolutions is revisited, as it has been developed and applied in a number of publications by Acemoglu and Robinson. We criticize the fact that these authors abstract from collective-action problems and focus on inequality of income or wealth instead. In...
Persistent link: https://www.econbiz.de/10009369538
distinguishes different subgroups of a society, some of which have a potential for pursuing a redistribution of wealth in its … redistribution cycles, leading to failed states. For much the same reason, democratic constitutions contain effective measures … against redistribution cycles. Stability within non-democracies, by contrast, can be explained by the fact that commitments …
Persistent link: https://www.econbiz.de/10010308830
distinguishes different subgroups of a society, some of which have a potential for pursuing a redistribution of wealth in its … redistribution cycles, leading to failed states. For much the same reason, democratic constitutions contain effective measures … against redistribution cycles. Stability within non-democracies, by contrast, can be explained by the fact that commitments …
Persistent link: https://www.econbiz.de/10010957019
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Persistent link: https://www.econbiz.de/10008648685
We develop a dynamic model in which a group collectively bargains with an external party. At each date the group makes an offer to the external party (the 'agent') in exchange for a concession. Group members hold heterogeneous preferences over agreements and are uncertain about the agent's...
Persistent link: https://www.econbiz.de/10014444047