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Populism is described as an ideology which contrasts the interests of the people and the elite, and calls for defense of the interests of the former. In reality, populist politicians are often seen conducting macroeconomic policies that can be hardly justified by the benefits they provide to the...
Persistent link: https://www.econbiz.de/10011080754
Persistent link: https://www.econbiz.de/10010819820
We provide a general framework for the analysis of the dynamics of institutional change (e.g., democratization), and how this interacts with (anticipated and unanticipated) changes in the distribution of political power and changes in economic structure. We focus on the Markov voting equilibria,...
Persistent link: https://www.econbiz.de/10010856643
We provide a general framework for the analysis of the dynamics of institutional change (e.g., democratization, extension of political rights or repression of different groups), and how these dynamics interact with (anticipated and unanticipated) changes in the distribution of political power...
Persistent link: https://www.econbiz.de/10010950976
We study dynamic selection of governments under different political institutions, with a special focus on institutional "flexibility". A government consists of a subset of the individuals in the society. The competence level of the government in office determines collective utilities (e.g., by...
Persistent link: https://www.econbiz.de/10005037696
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We study the formation of a ruling coalition in political environments. Each individual is endowed with a level of political power. The ruling coalition consists of a subset of the individuals in the society and decides the distribution of resources. A ruling coalition needs to contain enough...
Persistent link: https://www.econbiz.de/10005086580
We study the formation of a ruling coalition in political environments. Each individual is endowed with a level of political power. The ruling coalition consists of a subset of the individuals in the society and decides the distribution of resources. A ruling coalition needs to contain enough...
Persistent link: https://www.econbiz.de/10005774462
A central feature of dynamic collective decision-making is that the rules that govern the procedures for future decision-making and the distribution of political power across players are determined by current decisions. For example, current constitutional change must take into account how the...
Persistent link: https://www.econbiz.de/10005714421
We study the formation of a ruling coalition in non-democratic societies where institutions do not enable political commitments. Each individual is endowed with a level of political power. The ruling coalition consists of a subset of the individuals in the society and decides the distribution of...
Persistent link: https://www.econbiz.de/10005242760