When is Democracy an Equilibrium?: Theory and Evidence from Colombia's "La Violencia"
---- Acknowledgements ----
We thank Daron Acemoglu, Jorn Rattso, Stergios Skaperdas, Susan Stokes, Libby Wood and seminar participants at Yale and Trondheim for their helpful suggestions. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.