AbstractIn 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.
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Bibliographic InfoPaper provided by University of Oregon Economics Department in its series University of Oregon Economics Department Working Papers with number 2008-2.
Date of creation: 01 Apr 2008
Date of revision:
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Democracy; Information Cascades; Rebellion;
Find related papers by JEL classification:
- H0 - Public Economics - - General
- P4 - Economic Systems - - Other Economic Systems
- P16 - Economic Systems - - Capitalist Systems - - - Political Economy of Capitalism
This paper has been announced in the following NEP Reports:
- NEP-ALL-2008-09-13 (All new papers)
- NEP-CDM-2008-09-13 (Collective Decision-Making)
- NEP-CTA-2008-09-13 (Contract Theory & Applications)
- NEP-POL-2008-09-13 (Positive Political Economics)
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