expropriation. In a dynamic setting, market payoffs may induce sufficient inequality in next period's endowments for markets to … alternate with expropriation in a limit cycle, decreasing efficiency and amplifying macroeconomic fluctuations. Long run …

or societal laws benefiting religious citizens. Rising income inequality can, however, lead some of the rich to form a …

degree of inequality in wealth, human capital, and political power in accounting for how fundamental economic institutions … evolved over time. We argue, moreover, that the roots of these disparities in the extent of inequality lay in differences in … with more extreme inequality or heterogeneity in the population were more likely to develop institutional structures that …

expropriation in a limit cycle, decreasing efficiency and amplifying macroeconomic fluctuations. … respect to coalitional expropriation. More equally distributed power and higher congruence of land and power favor stable …