Networks, Dictators and Underdevelopment (Paperback)

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 political-economic 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 rent-seeking elites, endemic in many underdeveloped countries) could generate either a productive or a rent-seeking 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.

General

Imprint:	Lap Lambert Academic Publishing
Country of origin:	Germany
Release date:	April 2012
First published:	April 2012
Authors:	Wilson Perez-Oviedo
Dimensions:	229 x 152 x 6mm (L x W x T)
Format:	Paperback - Trade
Pages:	92
ISBN-13:	978-3-8473-0608-5
Categories:	Books > Business & Economics > Business & management > General
LSN:	3-8473-0608-1
Barcode:	9783847306085

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