A Relational Theory of Power Alternation

• In Event: EITM in Historical Political Economy

Brief Overview

A model shows that sustained cooperation between two parties requires both compromise and periodic power alternation. These norms resolve holdup and information issues, as seen in the Whig–Tory alternation in 1688–1830 England.

Authors

• Shuyi Yu, University of Chicago

• Zhaotian Luo, University of Chicago