reforms change the balance of political power in such a way as to make future redistribution less likely, then public opinion …

redistribution and retraining - that arguably characterize many reform packages. We analyse the interaction of compensatory … redistribution and retraining programmes, and demonstrate that the provision of redistributive programmes might distort incentives …. Conversely, it may be possible for an economic reform to win political support in the absence of compensatory redistribution …

redistribution and retraining - that arguably characterize many reform packages. We analyse the interaction of compensatory … redistribution and retraining programmes, and demonstrate that the provision of redistributive programmes might distort incentives …. Conversely, it may be possible for an economic reform to win political support in the absence of compensatory redistribution …

We review the literature on the public choice approach to explaining redistribution policies. The focus is on policies … that are pursued with the sole reason to redistribute initial endowments. Moreover, we restrict ourselves to redistribution … in democracies. In democratic settings, generic redistribution games lack equilibria. Structure-inducing rules that give …

We review the literature on the public choice approach to explaining redistribution policies. The focus is on policies … that are pursued with the sole reason to redistribute initial endowments. Moreover, we restrict ourselves to redistribution … in democracies. In democratic settings, generic redistribution games lack equilibria. Structure-inducing rules that give …

repeated voting, where agents vote over distortionary income redistribution. The key feature of the theory is that the future … constituency of redistributive policies depends positively on the current level of redistribution, since this affects both private … will vote for zero redistribution. …

repeated voting, where agents vote over distortionary income redistribution. The key feature of the theory is that the future … constituency of redistributive policies depends positively on the current level of redistribution, since this affects both private … will vote for zero redistribution. …