Christopher J. Ellis () (University of Oregon) John Fender
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.
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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
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