Democratization as a cost-saving device
AbstractWe propose a theoretical analysis of democratization processes in which an elite extends the franchise to the poor when threatened with a revo- lution. The poor could govern without changing the political system by maintaining a continuous revolutionary threat on the elite. Revolutionary threats, however, are costly to the poor and democracy is a superior sys- tem in which political agreement is reached through costless voting. This provides a rationale for democratic transitions that has not been discussed in the literature
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Bibliographic InfoPaper provided by Business School - Economics, University of Glasgow in its series Working Papers with number 2008_31.
Date of creation: Nov 2008
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- NEP-ALL-2008-12-14 (All new papers)
- NEP-CDM-2008-12-14 (Collective Decision-Making)
- NEP-POL-2008-12-14 (Positive Political Economics)
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