Rational choice, Round Robin, and rebellion: An institutional solution to the problems of revolution
AbstractTwo collective action problems plague successful revolution. On the one hand, would-be revolutionaries confront a "participation problem," whereby no rationally self-interested individual has an incentive to participate in rebellion. On the other hand, individuals face a "first-mover problem" whereby no rationally self-interested individual has an incentive to lead rebellion. This paper argues that 18th-century merchant sailors who confronted these problems devised a novel institution to facilitate maritime revolution and assist them in overthrowing abusive captains. This institution was called a "Round Robin." Round Robins helped overcome both the participation and first-mover problems by aligning the interests of individual sailors desiring mutiny and restructuring the payoffs of leading versus following maritime rebellion.
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Bibliographic InfoArticle provided by Elsevier in its journal Journal of Economic Behavior & Organization.
Volume (Year): 73 (2010)
Issue (Month): 3 (March)
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Round Robin Revolution Rational choice;
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