Why Did the West Extend the Franchise? A Correction∗
نویسندگان
چکیده
This paper corrects Proposition 1 in Acemoglu and Robinson (2000). It shows that in addition to parts of the parameter space where the unique MPE is franchise extension and temporary redistribution, there is an intermediate part of the parameter space where the unique MPE is in mixed strategies. In this region, there is a positive probability of franchise extension, but also a revolution takes place with positive probability along the equilibrium path. ∗We would like to thank Gabriel Carol, Alex Debs and Harry Di Pei for excellent comments and suggestions.
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