Acemoglu, Daron - In: Közgazdasági Szemle (Economic Review - monthly of the … LV (2008) 7, pp. 622-659
significant entry barriers for new entrepreneurs. Democracy, where political power is more widely dif-fused, imposes … redistributive taxes on producers, but tends to avoid entry barriers. While taxes in a democracy are high and distortions caused by … advantage of new technologies, how intra-elite conflict in oligarchies may cause a transition to democracy, and how unequal …