The B.E. Journal of Theoretical Economics
Editor-in-Chief: Schipper, Burkhard
Ed. by Fong, Yuk-fai / Peeters, Ronald / Puzzello , Daniela / Rivas, Javier / Wenzelburger, Jan
2 Issues per year
IMPACT FACTOR 2016: 0.229
5-year IMPACT FACTOR: 0.271
CiteScore 2016: 0.30
SCImago Journal Rank (SJR) 2016: 0.398
Source Normalized Impact per Paper (SNIP) 2016: 0.232
Mathematical Citation Quotient (MCQ) 2016: 0.08
Consensual and Conflictual Democratization
This paper studies the interactions between democratization and the emergence of rule of law. We propose a model in which heterogeneous individuals can make costly investments to protect their income against expropriation. The public enforcement of property rights is chosen by the enfranchised population whose composition depends on the political regime in place. We characterize the politico-economic equilibria in terms of property rights protection and political regime, and study the role of the different scenarios of democratization. The results suggest: (i) unequal control of natural resources is a central structural determinant of the democratization scenario; (ii) democratic transitions under conflict may lead to failed democracies with poor rule of law; (iii) that democratic transitions supported by a large consensus may serve as a coordination device thereby leading to better protection of property rights and more stable polities.
Here you can find all Crossref-listed publications in which this article is cited. If you would like to receive automatic email messages as soon as this article is cited in other publications, simply activate the “Citation Alert” on the top of this page.