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This paper extends the spatial theory of voting to an institutional structure in which policy choices are a function of the composition of the legislature and of the executive. In an institutional setup in which the policy outcome depends upon relative plurality, each voter has incentives to be...
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Political processes may bring about Pareto improvements by increasing income inequality in a society that produces a public good by voluntary contributions. Proportional taxation funds a "governing agent." The most endowed agent is the Condorcet winner for governing agent. When the tax rate can...
Persistent link: https://www.econbiz.de/10005215851
In many many places, the political parties and political contests seem to array themselves along a single dimension. If you look at their programs in detail it always turns out that it's much more complicated than that. But it would appear that in the minds of the voters they are literally...
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This paper extends the spatial theory of voting to the case in which policy choices depend upon the interaction between executive and the legislature. Voters are strategic and to analyze equilibrium the authors apply 'coalition proof' type refinements. The model has implications consistent with...
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