IDEAS home Printed from https://ideas.repec.org/p/cpr/ceprdp/18498.html
   My bibliography  Save this paper

Magna Carta

Author

Listed:
  • Desierto, Desiree
  • Hall, Jacob
  • Koyama, Mark

Abstract

Magna Carta, a pivotal moment in the emergence of constitutional government, institutionalised constraints on royal power. We depict it as an optimal agreement between two coalitions capable of violence: the king's loyal coalition of barons and the rebel barons. This type of agreement is more likely to emerge when the king extracts large rents, when the distribution of rents among barons is egalitarian, and when barons can move large resources away from the king. Under these conditions, even the baron that already enjoys the largest rents would be willing to lead a rebellion, and rebels have large resources that they can use to defeat the loyalists. We test the predictions of our model with a newly collected data on the universe of barons and their lands in England in 1215.

Suggested Citation

  • Desierto, Desiree & Hall, Jacob & Koyama, Mark, 2023. "Magna Carta," CEPR Discussion Papers 18498, C.E.P.R. Discussion Papers.
    • Handle: RePEc:cpr:ceprdp:18498
    as

    Download full text from publisher

    File URL: https://cepr.org/publications/DP18498
    Download Restriction: CEPR Discussion Papers are free to download for our researchers, subscribers and members. If you fall into one of these categories but have trouble downloading our papers, please contact us at subscribers@cepr.org
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Keywords

    Institutions;

    JEL classification:

    • N00 - Economic History - - General - - - General
    • N13 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Europe: Pre-1913
    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
    • C78 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Bargaining Theory; Matching Theory
    • D74 - Microeconomics - - Analysis of Collective Decision-Making - - - Conflict; Conflict Resolution; Alliances; Revolutions
    • N43 - Economic History - - Government, War, Law, International Relations, and Regulation - - - Europe: Pre-1913

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cpr:ceprdp:18498. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: the person in charge (email available below). General contact details of provider: https://www.cepr.org .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.