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Networks, Dictators and Underdevelopment: A Game Theory Approach,Used
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How should a country change its institutions to achieve social and economic development? This question cannot be answered from a purely economic view; instead, it must be understood within a wider perspective where institutional change requires affecting the whole politicaleconomic system. To address these issues, in this book, we develop a simple model to explain how multiple institutional equilibria could arise in a small open economy, studying how the distribution of political power among four different kinds of agents (capitalists, skilled workers, unskilled workers and grabbers, which are rentseeking elites, endemic in many underdeveloped countries) could generate either a productive or a rentseeking equilibrium. As the distribution of political power in a society is so crucial to understanding institutional equilibria, the second part of the book is dedicated to apply the concept of networks to explain this distribution. For that, a game theoretic model is formulated in which both the occurrence and success of an uprising by the citizens against a dictator depend on the characteristics of the communication network that connects the citizens.
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