An Economic Model of the French Revolution

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Game-theoretic analysis reveals trade policy and elite commitments prompt revolution, indicating complex societal interactions.

Revolution may occur on the equilibrium path according to the economic model developed.
The model shows that sufficient trust in the Ancien Régime paradoxically leads to revolutionary dynamics.
Trade policy and democratization interact to influence when revolution is likely to occur.
This approach contrasts with incomplete information models, emphasizing beneficial revolutions for society.

Gawande et al. (2025) studied this question.

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