Reposted by Zhaotian Luo
It’s been great to get back to the theory of autocracy after a little break. Here is a new paper with @luozhaotian.bsky.social and @spantoja.bsky.social. It’s a fun setting: a dynamic agency model in which the agent can try to become the principal (e.g., via a coup). papers.ssrn.com/sol3/papers....
