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This paper examines the political economy of redistribution when voters have asymmetric information about the redistributive preferences of politicians and the latter cannot make credible policy commitments. The candidates in each party are endogenously selected by a process of Nash Bargaining...
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Recent research in contract theory on the effects of behavioral biases implicitly assumes that they are stable, in the …
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Recent research in contract theory on the effects of behavioral biases implicitly assumes that they are stable, in the …
Persistent link: https://www.econbiz.de/10011899247
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