Larcinese, Valentino - In: Contributions in Economic Analysis & Policy 4 (2005) 1, pp. 1-26
their optimization process. As a consequence, redistribution is generally lower than what the median voter theorem predicts …. Moreover, in contrast with what most literature takes for granted, an increase in inequality does not unambiguously increase … redistribution. This is consistent with most empirical research in this field. Finally, an increase in the cost of information …