Stochastic petropolitics: The dynamics of institutions in resource-dependent economies
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DOI: 10.1016/j.euroecorev.2020.103610
Abstract: We provide an analysis of institutional dynamics under uncertainty by means of a stochastic differential game of lobbying with two players (conservatives vs liberals) and three main ingredients. The first one is uncertainty inherent in… read more here.
Keywords: stochastic petropolitics; institutions resource; resource dependent; dependent economies ... See more keywords