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Democracy and the market

Book • 1991
This book examines the challenges of transitioning from authoritarian regimes to democracy and from command economies to market economies.

It uses game theory to model the decision-making processes of political actors and explores the interdependence of political and economic transformations in Eastern Europe and Latin America.

The author discusses the potential outcomes of these transitions, including the establishment of stable democracies or the emergence of new dictatorships.

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