Elements Of Institutional Economy Relating To An Equilibrium Between Minority And Majority In A Country Undergoing Democratic Transition

Abstract

The aim of this article is to use a method based on game theory to provide an overview of the interference of economic and political phenomena in a society in democratic transition. In this kind of country, the contradictory interests between a dominant minority and a majority dispossessed of its political rights, will most often find their outcome, either in a reversal of the established order, or in an implicit agreement between these two protagonists. To maintain a status quo that takes everyone's interests into account. The economic policy followed will depend on the outcome of this class antagonism