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This paper proposes a model of two-party representative democracy on a single-dimensional political space, in which voters choose their parties in order to influence the parties' choices of representative. After two candidates are selected as the median of each party's support group, Nature...
Persistent link: https://www.econbiz.de/10011106299
by labor income taxation and/or public debt issuance. The size of these public policies is determined in a repeated …
Persistent link: https://www.econbiz.de/10011107665
This discussion paper led to a publication in the 'European Journal of Political Economics', 2004, 20, 255-262.<P> In the literature on electoral politics full convergence of policy platforms is usually regarded as socially optimal. Thereason is that risk-averse voters prefer a sure...</p>
Persistent link: https://www.econbiz.de/10011256641
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We explore the nature of tax complexity in competitive political systems. The analysis does not rely upon imperfections in the operation of the public sector. Complexity arises in the course of the struggle for office, during which political parties are induced to propose platforms that...
Persistent link: https://www.econbiz.de/10005711339
Personal income taxation remains relatively low in many developing countries despite recent democratic advancement and … rapid economic growth; this is hard to reconcile with standard political economy models of taxation. This paper argues that … the details of political institutions help to explain these low levels of personal income taxation. In particular …
Persistent link: https://www.econbiz.de/10010328149
The aim of this paper is to apply recently proposed individual welfare measures in the context of random utility models of labour supply. Contrary to the standard practice of using reference preferences and wages, these measures preserve preference heterogeneity in the normative step of the...
Persistent link: https://www.econbiz.de/10011600982
The aim of this paper is to apply recently proposed individual welfare measures in the context of random utility models of labour supply. Contrary to the standard practice of using reference preferences and wages, these measures preserve preference heterogeneity in the normative step of the...
Persistent link: https://www.econbiz.de/10010278314