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In this essay, we provide a simple conceptual framework to elucidate the forces that lead to institutional persistence and change. Our framework is based on a dynamic game between different groups, who care both about current policies and institutions and future policies, which are themselves...
Persistent link: https://www.econbiz.de/10012823238
An influential thesis often associated with De Tocqueville views social mobility as a bulwark of democracy: when members of a social group expect to join the ranks of other social groups in the near future, they should have less reason to exclude these other groups from the political process. In...
Persistent link: https://www.econbiz.de/10012994372
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/10013080197
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/10014216070
When voters fear that politicians may have a right-wing bias or that they may be influenced or corrupted by the rich elite, signals of true left-wing conviction are valuable. As a consequence, even a moderate politician seeking reelection choose policies to the left of the median voter as a way...
Persistent link: https://www.econbiz.de/10014189404
Almost all democratic societies evolved socially and politically out of authoritarian and nondemocratic regimes. These changes not only altered the allocation of economic resources in society but also the structure of political power. In this paper, we develop a framework for studying the...
Persistent link: https://www.econbiz.de/10014164504
We propose two related equilibrium refinements for voting and agenda-setting games. Sequentially Weakly Undominated Equilibrium (SWUE) and Markov Trembling Hand Perfect Equilibrium (MTHPE), and show how these equilibrium concepts eliminate non-intuitive equilibria that arise naturally in dynamic...
Persistent link: https://www.econbiz.de/10014202604
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.,...
Persistent link: https://www.econbiz.de/10014205726
Although almost half of the world's population lives under nondemocratic regimes, the questions of how policy decisions are made and how power changes hands in nondemocracies have received relatively little attention in the political economy literature. Gordon Tullock (1987) suggested that...
Persistent link: https://www.econbiz.de/10014208015
We study the formation of a ruling coalition in nondemocratic 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/10014054220