Cosgel, Metin M.; Miceli, Thomas J.; Rubin, Jared - In: Journal of Institutional and Theoretical Economics (JITE) 168 (2012) 3, pp. 339-361
A fundamental question of economic and technological history is why some civilizations adopted new and important technologies and others did not. In this paper, we construct a simple political-economy model that suggests that rulers may not accept a productivity-enhancing technology when it...