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redistribution from the rich to the poor will improve social welfare, regardless of how small inequality is in the status quo …
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redistribution from the rich to the poor will improve social welfare, regardless of how small inequality is in the status quo …
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I study a multilateral bargaining game where committee members invest in a common project prior to redistributing the total value of production. The game corresponds to a Baron and Ferejohn (1989) legislative bargaining model preceded by a production stage similar to the voluntary contribution...
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