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• W2135660713 abstract "Why do sudden and massive social, economic, and political changes occur when and where they do? Are there institutional preconditions that encourage such changes when present and discourage such changes when absent? I employ a general model which suggests that massive equilibrium changes are more likely to occur in regimes with centralized coercive power, dened as the ability to impose more than one type of sanction (economic, legal, political, social, or religious). Centralized authorities are better able to suppress subversive actions when external shocks are small, as citizens have little incentive to incur numer- ous types of sanctions. However, citizens are also more likely to lie about their internal preferences in such regimes (e.g., falsely declare loyalty to an oppressive government), entailing that large shocks may trig- ger a massive equilibrium change. The model is applied to the severity of protests that followed austerity measures taken in developing nations since the 1970s." @default.
• W2135660713 created "2016-06-24" @default.
• W2135660713 creator A5039585221 @default.
• W2135660713 date "2010-01-01" @default.
• W2135660713 modified "2023-09-25" @default.
• W2135660713 title "Centralized Institutions and Sudden Change" @default.
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• W2135660713 doi "https://doi.org/10.2139/ssrn.1441333" @default.
• W2135660713 hasPublicationYear "2010" @default.
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