Roine, Jesper - Economics Institute for Research (SIR), … - 2003
chooses. If, however, there is a slight chance of a small mistake, the incumbent does best in choosing a local equilibrium … platform. This suggest that local equilibrium policies can be the predicted outcome even if the voting process is not myopic in … best in choosing a local equilibrium
platform. This suggests that local equilibrium policies can be the predicted
outcome …