Guarding the Guardians
研究当权者如何在内外叛乱威胁下，通过权力分享来承诺保护个人权利，从而建立稳定的权力与资源均衡分配。
Good government requires some restraints on the powerful but how can those be imposed if there is no‐one above them? This article studies the equilibrium allocation of power and resources established by self‐interested incumbents under the threat of rebellions from inside and outside the group in power. Commitment to uphold individuals’ rights can only be achieved if power is not as concentrated as incumbents would like it to be, ex post. Power sharing endogenously enables incumbents to commit to otherwise time‐inconsistent laws by ensuring more people receive rents under the status quo and thus want to defend it.