Doi, Takero; Ihori, Toshihiro; Kondo, Hiroki - In: Annals of Economics and Finance 3 (2002) 1, pp. 169-183
We investigate the behavior of government deficits and fiscal reconstruction movement in Japan both theoretically and empirically. We first develop a dynamic framework of fiscal reconstruction process using the dynamic game theory among various interest groups. The distribution of a tax...