Abstract:
In a world of roving bandits a sub-optimal provision of collective gods exists, most notably security and economic growth. This creates an opportunity for roving bandits to act as political entrepreneurs by becoming stationary bandits and as strong rulers monopolize vilence and provide centralized solutions to collective goods problems. The activities and settlements of the Vikings may to a large extent be explained in this perspective.
More papers in Working Papers from Aarhus School of Business - Department of Economics Address: Department of Economics, Faculty of Business Administration. The Aarhus School of Business. Fuglesangs Alle 4. DK- 8210 Aarhus V - Denmark Contact information at EDIRC. Series data maintained by Thomas Krichel ().
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