This paper examines the endogenous choice between democracy and conflict in a scenario with different social classes in terms of income inequality and with parties representing each of the two social classes. We consider how the change in economic inequality between the poor and rich people...

This paper examines the endogenous choice between democracy and conflict in a scenario with different social classes in terms of income inequality and with parties representing each of the two social classes. We consider how the change in economic inequality between the poor and rich people...

The aim of this study is to empirically investigate the dynamic relationships between mining revenue, government consumption, exchange rate and economic growth. Quarterly data from 1994 to 2012 were analysed using unrestricted vector autoregressive (VAR) model, consisting of impulse response...

Some new axiomatic characterizations and recursive formulas of the Shapley value are presented. In the results, dual games and the self-duality of the value implicitly play an important role. A set of non-cooperative games which implement the Shapley value on the class of all games is given