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. In this paper we examine the vote over income tax schedules in a society in which individuals may have various degrees of altruism. Specifically, we study whether the conjecture that societies where individuals feel concern for each other are more favorable to income redistribution than...
Persistent link: https://www.econbiz.de/10005770945
. We present a model in which an individual's sentiments toward others are determined endogenously on the basis of how they perform relative to the societal average. This, in turn, affects the individual's own behavior and hence other agents' sentiments toward her. We focus on stationary...
Persistent link: https://www.econbiz.de/10005190392