Entitlement to assort: Democracy, compromise culture and economic stability

C-Tier
Journal: Economics Letters
Year: 2018
Volume: 163
Issue: C
Pages: 146-148

Score contribution per author:

1.005 = (α=2.01 / 1 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We propose a simple model to support Rodrik’s (2000) conjecture that democracy lowers economic instability through breeding compromise culture. In the model, a population of compromisers and opportunists collectively bargain over the assortativity level of matching through a democratic political institution. We show that compromisers are able to achieve a positive level of assortativity which helps them to avoid matching with opportunists. This in turn raises compromisers’ payoffs above opportunists’ and eventually compromisers dominate the population through cultural evolution.

Technical Details

RePEc Handle
repec:eee:ecolet:v:163:y:2018:i:c:p:146-148
Journal Field
General
Author Count
1
Added to Database
2026-01-29