Olovsson, Conny; Roine, Jesper - Economics Institute for Research (SIR), … - 2007
regions" around each local equilibrium. Introducing costs into the political system can make the local equilibria the globally … majority rule equilibria, and it
characterizes "stability regions" around each local equilibrium. Introducing costs into the …, education sub-
sidies, local equilibrium, non-median voter equilibrium
JEL classi�cation: D7, H2
Department of Economics …