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We introduce a game theory model of individual decisions to cooperate by contributing personal resources to group … social Democracy Under Uncertainty …
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We study a large economy model in which individuals have private information about their productive abilities and their preferences. Moreover, there is aggregate uncertainty so that the social benefits from taxation and public goods provision are a priori unknown. The analysis is based on a...
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literature is that redistribution is best done centrally, and thus that an income tax is best used by the federal government …, rather than by state governments. Yet recent work suggests that states can effectively have some role in redistribution … a tool of greater redistribution. At the same time, the insurance function of a progressive income tax can still be …
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on how risk exposure and income are related to preferences for redistribution. To test our hypotheses, we extract … turn our attention to the supply side of government redistribution. Institutions, we argue, mediate governments' reactions …
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step, we focus on how risk exposure and income are related to preferences for redistribution. To test our hypotheses, we … redistribution. Institutions, we argue, mediate governments' reactions to redistributional demands following economic shocks. Using …
Persistent link: https://www.econbiz.de/10012716908