Why Do Voters Dismantle Checks and Balances?
---- Acknowledgements -----
We are grateful for comments and suggestions from the editor Francesco Caselli, three referees, and from Daniel Diermeier, Roland Benabou, Gunnar Eskeland, Bård Harstad, Manuel Oechslin, Rick van der Ploeg, Guido Tabellini, and seminar participants at Bern, CalTech, Canadian Institute for Advanced Research, Columbia, EUDN conference in Paris, Harvard, Norwegian School of Economics, Oslo, Oxford, Stanford, Stockholm School of Economics, and Tilburg. For research assistance, we thank David Jimenez-Gómez and especially Pascual Restrepo, who also pointed out a mistake in an earlier version of the paper. Acemoglu and Robinson gratefully acknowledge nancial support from the Canadian Institute of Advanced Research, and Acemoglu also gratefully acknowledges support from the NSF and the AFOSR. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.