Mukand, Sharun; Majumdar, Sumon - Department of Economics, University of Warwick - 2010
are important, there is an independent first-order role for individual agency in bringing about institutional change and … activistfollowers who fear bad institutional change and hope to insulate themselves by becoming loyal followers. Indeed by empowering … such a self-serving leader, these followers make him a more effective agent of (both good and bad) institutional change. …