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Published in 2019 at "Journal of Comparative Economics"
DOI: 10.1016/j.jce.2019.03.002
Abstract: Tax extraction is often low in absolutist regimes. Why are absolutists unable to convert power into revenue? Supported by evidence from Imperial China, we explain this puzzle with a principal-agent model which reveals that absolutists,…
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Keywords:
administrative capacity;
principal agent;
power;
absolutist regimes ... See more keywords