Although property rights are the cornerstone of capitalist economies, throughout history existing claims have been frequently overturned and redefined by revolution. A fundamental question for economists is what makes revolutions more likely to occur. A large literature has found contradictory evidence for the effect of income and income inequality on revolt, possibly due to omitted variable bi...

To formalize the intuition presented in Section 4 using a simple framework, suppose that a perfectly myopic, risk-neutral sovereign imperfectly controls a polity that creates output of size one each period. Denote by γ the amount of land controlled by the military regardless of the actions of the sovereign (this can be interpreted as the percentage of the entire polity controlled by the militar...

A population considering a revolt must participate in sufficient numbers to succeed. We study how their ability to coordinate is affected by their information. The effects of information are non-monotone: the population may coordinate on a revolt if there is very little information or if they know a lot about each other’s preferences for change, but having each agent know about the the willingn...

The present-day border between Belgium and the Netherlands traces back to the separation of the Low Countries after the Dutch Revolt (1566-1648) against Spanish rule. The capacity to finance war expenditures played a central role in the outcome of this conflict. Excise taxes on beer consumption were the single largest income source in Holland, the leading province of the Dutch Republic. Beer ta...