Hongding Zhu
hongding-zhu.bsky.social
Hongding Zhu
@hongding-zhu.bsky.social
PhD student of Political Economy Program, UChicago.
Reposted by Hongding Zhu
New Working Paper:

Why does power alternate even without formal institutions? We develop a dynamic model where power alternation emerges spontaneously before it is formalized, as part of an efficient self-enforcing agreement governed by evolving norms.

Link here: papers.ssrn.com/sol3/papers....
June 30, 2025 at 3:39 PM