000 01646naa a2200181uu 4500
001 8091216571610
003 OSt
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008 080912s2008 xx ||||gr |0|| 0 eng d
100 1 _aMYERSON, Roger B
_935525
245 1 0 _athe Autocrat's credibility problem and foundations of the constitutional state
260 _aNew York, NY :
_bCambridge University Press,
_cFebruary 2008
520 3 _aA political leader's temptation to deny costly debts to past supporters is a central moral-hazard problem in politics. This paper develops a game-theoretic model to probe the consequences of this moral-hazard problem for leaders who compete to establish political regimes. In contests for power, absolute leaders who are not subject to third-party judgments can credibly recruit only limited support. A leader can do better by organizing supporters into a court which could cause his downfall. In global negotiation-proof equilibria, leaders cannot recruit any supporters without such constitutional checks. Egalitarian norms make recruiting costlier in oligarchies, which become weaker than monarchies. The ruler's power and limitations on entry of new leaders are derived from focal-point effects in games with multiple equilibria. The relationships of trust between leaders and their supporters are personal constitutions which underlie all other political constitutions
773 0 8 _tAmerican Political Science Review
_g102, 1, p. 125-140
_dNew York, NY : Cambridge University Press, February 2008
_xISSN 00030554
_w
942 _cS
998 _a20080912
_b1657^b
_cTiago
998 _a20081113
_b1025^b
_cZailton
999 _aConvertido do Formato PHL
_bPHL2MARC21 1.1
_c27482
_d27482
041 _aeng