Showing 1 - 2 of 2
Persistent link: https://www.econbiz.de/10003725494
We discuss economic aggregation and political aggregation in the context of a simple dynamic version of the canonical political-economy model--the Meltzer-Richard model. Consumers differ both in labor productivity and initial asset wealth and there is no physical capital. Under commitment over...
Persistent link: https://www.econbiz.de/10005814572