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Informed voters are believed to be necessary for the well-functioning of elections. However, the puzzle is raised: Why are voters and politicians becoming more polarized despite the increased availability of information? We consider an election with policy-motivated candidates and partially...
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This paper studies the problem of redistribution between individuals having different mortality rates. We use a continuous time model in which there are two types of individuals characterized by different survival probability paths. Individual preferences are represented by a generalized...
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