Número:
349
Publicado:
Clasificación JEL:
H11, D73, D74, D78, D30
Palabras clave:
Populism, oligarchy, democracy, conflict

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Luis Fernando Melo-Velandia, Daniel Parra-Amado, Juan Pablo Bermúdez-Cespedes
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This paper develops a political economy model that provides an explanation as for why ruling elites in oligarchic societies may rely on income redistribution to the poor (the masses) in order to prevent them from attempting a revolution. We refer to this