Gersbach, Hans; Gul, Faruk - 2024
Motivated by insufficient fiscal discipline in democracy, we introduce and examine “Catenarian Discipline Rules”. An … society. With Catenarian Discipline, the personal consumption in the first part of an office-holder’s governing period is … Catenarian Discipline by examples. Finally, we introduce two variants of the Catenarian Constraint that allow more flexibility of …