Feudal Political Economy

Working Paper: CEPR ID: DP18085

Authors: Desiree Desierto; Mark Koyama

Abstract: The political economy of medieval Europe was shaped by alliances between lords and vassals, forged through peaceful and violent means. We model coalition formation through bargaining or by conquest, and where members can rebel against their coalition. We derive conditions under which a realm unites under one rule — the grand coalition, or remains fragmented into several coalitions. We motivate our analysis with key historical episodes, from the Frankish Kingdom in the 5th to 10th centuries and England in the 11th to 15th centuries.

Keywords: Bargaining; Coalitions; Conflict

JEL Codes: C72; C78; D74; N43


Causal Claims Network Graph

Edges that are evidenced by causal inference methods are in orange, and the rest are in light blue.


Causal Claims

CauseEffect
Larger and more immovable resources (E22)Increased likelihood of an alliance being formed (D74)
Costs of fighting (H56)Coalition dynamics (D74)
Costs associated with the weakest members of the coalition (D79)Overall stability and likelihood of consolidation (C62)

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