Luca, Giacomo De; Litina, Anastasia; Sekeris, Petros G. - Centre de Recherche en Économie Appliquée (CREA), … - 2012
In this paper we show that in highly unequal societies, different societal groups may support a rent-seeking dicator serving their interests better than the median voter in a democratic regime. Importantly, it is the stakes of dictator in the economy, in the form of capital ownership, that...
