EconPapers    
Economics at your fingertips  
 

Political Economy in a Changing World

Daron Acemoglu, Georgy Egorov and Konstantin Sonin ()

Journal of Political Economy, 2015, vol. 123, issue 5, 1038 - 1086

Abstract: We provide a general framework for the analysis of institutional dynamics in an environment in which payoffs and political powers change stochastically. Assuming that economic and political institutions as well as individual types can be ordered, and preferences and the distribution of political power satisfy natural "single-crossing" (increasing differences) conditions, we prove existence of a pure-strategy Markov voting equilibrium, provide conditions for its uniqueness, and present a number of comparative static results. We then use this framework to study the dynamics of political rights and repression in the presence of threats from extremist groups and the dynamics of collective experimentation.

Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7) Track citations by RSS feed

Downloads: (external link)
http://dx.doi.org/10.1086/682679 (application/pdf)
http://dx.doi.org/10.1086/682679 (text/html)
Access to the online full text or PDF requires a subscription.

Related works:
Working Paper: Political Economy in a Changing World (2013) Downloads
Working Paper: Political Economy in a Changing World (2013) Downloads
Working Paper: Political Economy in a Changing World (2013)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ucp:jpolec:doi:10.1086/682679

Access Statistics for this article

More articles in Journal of Political Economy from University of Chicago Press
Bibliographic data for series maintained by Journals Division ().

 
Page updated 2019-07-22
Handle: RePEc:ucp:jpolec:doi:10.1086/682679