Political Selection and Persistence of Bad Governments
---- Acknowledgements -----
Daron Acemoglu gratefully acknowledges financial support from the National Science Foundation. We thank participants at California Institute of Technology Political Economy Seminar, Frontiers of Political Economics conference in Moscow, NBER summer institute in Cambridge, Third Game Theory World Conference in Evanston, and University of Chicago theory seminar for helpful comments. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.