کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
984356 | 934237 | 2015 | 14 صفحه PDF | دانلود رایگان |
• In nondemocratic regimes, the winner of a battle for power decides the fate of the loser.
• We analyze the trade-off between executing and sparing in a dynamic model.
• We illustrate our findings using the history of Ottoman Empire and 19th-century Venezuela.
The winner of a battle for a throne can either execute or spare the loser; if the loser is spared, he contends the throne in the next period. Executing the losing contender gives the winner a chance to rule uncontested for a while, but then his life is at risk if he loses to some future contender who might be, in equilibrium, too frightened to spare him. The trade-off is analyzed within a dynamic complete information game, with, potentially, an infinite number of long-term players. In an equilibrium, decisions to execute predecessors depend on the predecessors’ history of executions. With a dynastic rule in place, incentives to kill the predecessor are much higher than in non-hereditary dictatorships. The historical illustration for our analysis contains a discussion of post-World War II politics of execution of deposed leaders and detailed discussion of non-hereditary military dictatorships in Venezuela in 1830–1964, which witnessed dozens of comebacks and no single political execution.
Journal: Research in Economics - Volume 69, Issue 3, September 2015, Pages 398–411