Saint-Paul, Gilles; Ticchi, Davide; Vindigni, Andrea - 2012
We develop a theory of endogenous political entrenchment in a simple two-party dynamic model of income redistribution … income of its own constituency, the lower class, in order to consolidate its future political power. Such policies increase … in power. Finally, we show that, in a more general framework, the entrenchment policies can be implemented also by the …