We develop a dynamic discrete choice model of a self-interested and unchecked ruler making decisions regarding the exploitation of a resource-rich country. This dictator makes the recursive choice between either investing domestically to live off the productivity of the country while facing the...

We develop a dynamic discrete choice model of a self-interested and unchecked ruler making decisions regarding the exploitation of a resource-rich country. This dictator makes the recursive choice between either investing domestically to live off the productivity of the country while facing the...

We develop a dynamic discrete choice model of a self-interested and unchecked ruler making decisions regarding the development of a resource rich country. Resource wealth serves as collateral and facilitates the acquisition of loans. The ruler makes the recursive choice of either staying in...

History offers many examples of dictators who worsened their behavior significantly over time (like Zimbabwe's Robert Mugabe), while there are also cases of dictators who have displayed remarkable improvements (like Jerry Rawlings of Ghana). We show that such mutations can result from rational...

History offers many examples of dictators who worsened their behavior significantly over time (like Zimbabwe's Mugabe) as well as dictators who displayed remarkable improvements (like Rawlings of Ghana). The authors show that such mutations can result from rational behavior when the dictator's...

History offers many examples of dictators who worsened their behavior significantly over time (like Zimbabwe's Mugabe) as well as dictators who displayed remarkable improvements (like Rawlings of Ghana). The authors show that such mutations can result from rational behavior when the dictator's...

History offers many examples of dictators who worsened their behavior significantly over time (like Zimbabwe's Mugabe) as well as dictators who displayed remarkable improvements (like Rawlings of Ghana). The authors show that such mutations can result from rational behavior when the dictator's...