Information Cascades and Revolutionary Regime Transitions

30 Pages Posted: 6 Jun 2011

See all articles by Christopher J. Ellis

Christopher J. Ellis

University of Oregon - Department of Economics

John Fender

University of Birmingham - Department of Economics

Date Written: June 2011

Abstract

We combine Acemoglu and Robinson's model of the economic origins of democracy with Lohmann's model of political mass protest. This allows us to analyse the economic causes of political regime change based on the microfoundations of revolution. We are able to derive conditions under which democracy arises peacefully, when it occurs only after a revolution and when oligarchy persists. We model these possibilities in a world of asymmetric information, where information cascades are possible, and where these cascades may involve errors in the sense that they make everyone worse off.

Suggested Citation

Ellis, Christopher J. and Fender, John, Information Cascades and Revolutionary Regime Transitions (June 2011). The Economic Journal, Vol. 121, Issue 553, pp. 763-792, 2011, Available at SSRN: https://ssrn.com/abstract=1857327 or http://dx.doi.org/10.1111/j.1468-0297.2010.02401.x

Christopher J. Ellis (Contact Author)

University of Oregon - Department of Economics ( email )

Eugene, OR 97403
United States

John Fender

University of Birmingham - Department of Economics ( email )

Economics Department
Birmingham, B15 2TT
United Kingdom

Here is the Coronavirus
related research on SSRN

Paper statistics

Downloads
3
Abstract Views
543
PlumX Metrics