Political Foundations for the Resource Curse: A Simplification and a Comment
By: Ragnar Torvik with James A. Robinson, Harvard and Thierry Verdier
Journal of Development Economics , January, pages 194-198.
In this note we show how a considerably simpler model than the one in our original JDE 2006 paper generates all the same results. We also acknowledge an error in the specification of a utility function in our previous paper.