Table 2
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Comparative statics

  |$\overline{{\boldsymbol{s}}_{\boldsymbol{R}}}$||$\underset{\_}{{\boldsymbol{s}}_{\boldsymbol{P}}}$|Prob. of cooperation
|$\overline{{\boldsymbol{s}}_{\boldsymbol{R}}}-{\overline{\boldsymbol{s}}}_{\boldsymbol{P}}$|		Investment
I		Redistribution
|$\boldsymbol{E}\left(\boldsymbol{s}\right)$|
THE ECONOMYCost of investment
|$\boldsymbol{c}$|		↓=↓↓↓
Productivity
|$\boldsymbol{\gamma}$|		↑↓↑↑=↑
Patience
β		↑↓↑↑=↑
POLITICAL SYSTEMPower of the rich
p		↑↓↗↘↑↓
|$\mathbf{Polit}.\mathbf{agency}\ \mathbf{distortion}$|
|$\boldsymbol{\omega}$|		↓=↓↓↓
  |$\overline{{\boldsymbol{s}}_{\boldsymbol{R}}}$||$\underset{\_}{{\boldsymbol{s}}_{\boldsymbol{P}}}$|Prob. of cooperation
|$\overline{{\boldsymbol{s}}_{\boldsymbol{R}}}-{\overline{\boldsymbol{s}}}_{\boldsymbol{P}}$|		Investment
I		Redistribution
|$\boldsymbol{E}\left(\boldsymbol{s}\right)$|
THE ECONOMYCost of investment
|$\boldsymbol{c}$|		↓=↓↓↓
Productivity
|$\boldsymbol{\gamma}$|		↑↓↑↑=↑
Patience
β		↑↓↑↑=↑
POLITICAL SYSTEMPower of the rich
p		↑↓↗↘↑↓
|$\mathbf{Polit}.\mathbf{agency}\ \mathbf{distortion}$|
|$\boldsymbol{\omega}$|		↓=↓↓↓

Note: ↑ stands for non-decreasing and ↓ stands for non-increasing.

Table 2
Open in new tab

Comparative statics

  |$\overline{{\boldsymbol{s}}_{\boldsymbol{R}}}$||$\underset{\_}{{\boldsymbol{s}}_{\boldsymbol{P}}}$|Prob. of cooperation
|$\overline{{\boldsymbol{s}}_{\boldsymbol{R}}}-{\overline{\boldsymbol{s}}}_{\boldsymbol{P}}$|		Investment
I		Redistribution
|$\boldsymbol{E}\left(\boldsymbol{s}\right)$|
THE ECONOMYCost of investment
|$\boldsymbol{c}$|		↓=↓↓↓
Productivity
|$\boldsymbol{\gamma}$|		↑↓↑↑=↑
Patience
β		↑↓↑↑=↑
POLITICAL SYSTEMPower of the rich
p		↑↓↗↘↑↓
|$\mathbf{Polit}.\mathbf{agency}\ \mathbf{distortion}$|
|$\boldsymbol{\omega}$|		↓=↓↓↓
  |$\overline{{\boldsymbol{s}}_{\boldsymbol{R}}}$||$\underset{\_}{{\boldsymbol{s}}_{\boldsymbol{P}}}$|Prob. of cooperation
|$\overline{{\boldsymbol{s}}_{\boldsymbol{R}}}-{\overline{\boldsymbol{s}}}_{\boldsymbol{P}}$|		Investment
I		Redistribution
|$\boldsymbol{E}\left(\boldsymbol{s}\right)$|
THE ECONOMYCost of investment
|$\boldsymbol{c}$|		↓=↓↓↓
Productivity
|$\boldsymbol{\gamma}$|		↑↓↑↑=↑
Patience
β		↑↓↑↑=↑
POLITICAL SYSTEMPower of the rich
p		↑↓↗↘↑↓
|$\mathbf{Polit}.\mathbf{agency}\ \mathbf{distortion}$|
|$\boldsymbol{\omega}$|		↓=↓↓↓

Note: ↑ stands for non-decreasing and ↓ stands for non-increasing.

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