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Inequality and Stability

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  • A. S. Pinto BARBOSA
  • Boyan JOVANOVIC
  • Mark M. SPIEGEL

Abstract

A constitution remains in force so long as no party wishes to defect to the non-cooperative situation, and it is reinstituted as soon as each party finds it to its advantage to revert to cooperation. It is the rich, and not the poor segments of society who in our model pose the greater threat to the stability of the social order.

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Bibliographic Info

Article provided by ENSAE in its journal Annals of Economics and Statistics.

Volume (Year): (1997)
Issue (Month): 48 ()
Pages: 15-40

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Handle: RePEc:adr:anecst:y:1997:i:48:p:02

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Cited by:
  1. Benabou, R., 1996. "Inequality and Growth," Working Papers, C.V. Starr Center for Applied Economics, New York University 96-22, C.V. Starr Center for Applied Economics, New York University.

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