Hierarchies are common in political settings. From judges to elected politicians, as well as from activists to bureaucrats, political agents compete for promotion to higher positions. This paper studies political tournaments and their impact on two aspects of political performance:...

The study aims to investigate the direct effect of globalization on financial inclusion in SSA and examine the role of the political regime between globalization and financial inclusion.The methodology involves the following steps: Compute a financial inclusion index; Disentangle globalization...

This paper offers a framework for understanding the origin of market-preserving government. The paper shows that when parties in a Hobbesian society end in an arms race rather than war, they can create a market-preserving government to maintain the no-war equilibrium at lower cost. The...

During the First Industrial Revolution, industrialization led to incompatibilities between the economic sphere and a political sphere based on rule by monarchs and land-owning nobles. These incompatibilities led to poor economic outcomes for workers and, ultimately, to deep changes in the...

The aim of this paper is to provide a conceptual and theoretical framework for the political settlement and dynamics of social contract relations in Tanzania. The political settlement approach is employed within a theoretical framework that has been developed and applied to analyse political...