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We consider a leader and a subordinate he appoints who engage in team production. The public observes the organization's performance, but is unable to determine the separate contributions of the leader and of the subordinate. The leader may therefore claim credit for the good work of his...
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any way. -- Voting ; Downsian competition ; Local equilibrium ; Spatial trembles …This paper studies studies two-party electoral competition in a setting where no policy is unbeatable. It is shown that … platform. This suggest that local equilibrium policies can be the predicted outcome even if the voting process is not myopic in …
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This paper considers redistributive as well as political consequences of tax avoidance. When investing in tax avoidance is possible, the official tax rate does not necessarily correspond to what individuals actually pay in taxes. This affects both redistributive outcomes as well as individual's...
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