Search Results - subject:"Median Voter Model"

Redistribution, Polarization, and Medians : Bringing Data to Downsian Puzzles

Brady, Henry E.; Verba, Sidney; Schlozman, Kay - 2009

In An Economic Theory of Democracy, Anthony Downs made two widely discussed predictions about political outcomes in a democracy: first, that where the principle of one person, one vote obtains, redistributive economic policies are likely to ensue; and second, that rational, vote-maximizing...

Persistent link: https://www.econbiz.de/10014205059

One-Dimensional Bargaining with Markov Recognition Probabilities

Herings, Peter Jean-Jacques; Predtetchinski, Arkadi - 2009

We study a process of bargaining over social outcomes represented by points in the unit interval. The identity of the proposer is determined by a general Markov process and the acceptance of a proposal requires the approval of it by all the players. We show that for every value of the discount...

Persistent link: https://www.econbiz.de/10014206852

Testing Conflicting Political Economy Theories? Full-Fledged versus Partial-Scope Regional Trade Agreements

Liu, Xuepeng - 2009

panel data. The results show that the prediction of the median-voter model is supported by the full-fledged free trade areas … capital-labor ratios due to stronger distributional effects of RTAs. The support for the median voter model (lobbying model … support for the median voter model for the subset of FTAs/CUs with service coverage and stronger support for the lobbying …

Persistent link: https://www.econbiz.de/10014207245

Redistribution in the Open Economy : A Political Economy Approach

Anesi, Vincent - 2009

This paper develops a two-country model of international trade in which citizens who are heterogeneous with respect to their factor endowments vote over tariffs and income tax rates. In the politico-economic equilibrium, each country chooses its national policies by majority voting, taking the...

Persistent link: https://www.econbiz.de/10013154945

On the Redistributive Property of Budget Deficits

Lambertini, Luisa - 2009

This paper argues that budget deficits can be used strategically by the government to improve its chance of reelection. Under progressive wealth taxation, Ricardian equivalence fails if individuals have different levels of wealth because a budget deficit redistributes resources from individuals...

Persistent link: https://www.econbiz.de/10013157354

Strategy-proofness and single-crossing

Saporiti, Alejandro - In: Theoretical economics : TE ; an open access journal in … 4 (2009) 2, pp. 127-163

This paper analyzes strategy-proof collective choice rules when individuals have single-crossing preferences on a finite and ordered set of social alternatives. It shows that a social choice rule is anonymous, unanimous, and strategy-proof on a maximal single-crossing domain if and only if it is...

Persistent link: https://www.econbiz.de/10011699125