The nature of market-preserving government
This paper offers a framework for understanding the origin of market-preserving government. The paper shows that when parties in a Hobbesian society end in an arms race rather than war, they can create a market-preserving government to maintain the no-war equilibrium at lower cost. The government ca...
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| Main Author: | |
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| Format: | Article |
| Language: | English |
| Published: |
Elsevier
2024-01-01
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| Series: | Journal of Government and Economics |
| Subjects: | |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S2667319324000351 |
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