Branislav R. Boricic

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The article deals with the economic behaviour of a hypothetical political leader in the institutionally underdeveloped democratic environment of a transitional society. By using Stigler-Peltzman’s model of economic regulation, it has been shown that there is no optimal solution for an autocratic leader. In the long run, wealth transfer to political(More)
$ 0. Introduction By giving a positive solution to the problem posed in the paper [S] we have shown (cf. [l]) that the sequence of intermediate propositional systems (hereafter : systems) NLC, (n 2 1 ) contains three different systems only: the classical propositional calculus NLC, , DUMMETT'S system NLC, (cf. [3]) and the system NLC,. In this paper we will(More)