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Democratic Errors

Christopher Ellis () and John Fender
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Christopher Ellis: University of Oregon

University of Oregon Economics Department Working Papers from University of Oregon Economics Department

Abstract: In this paper we combine AcemogluÂ’s model of the economic origins of democracy with LohmannÂ’s model of political massprotest. This alllows us to provide ananalysis of the economic causes of political regimec hange based on the micro foundations of rebellion. We are able tod erive conditons under which democracy arises peacefully, when it occurs only after a violent rebellion, and when oligarchy persists. We model these posibilities in a world of asymmetric information where information cascades are possible, and where these cascades may involve errors in a paratian sense.

Keywords: Democracy; Information Cascades; Rebellion (search for similar items in EconPapers)
JEL-codes: H0 P4 P16 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cdm, nep-cta and nep-pol
Date: 2008-04-01
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