Politico - Economic Equilibrium Andeconomic
نویسندگان
چکیده
منابع مشابه
The political economy of labor subsidies
We explore a political-economy model of labor subsidies, extending Meltzer and Richard’s median-voter model to a dynamic setting. We explore only one source of heterogeneity: initial wealth. As a consequence, given an operative wealth effect, poorer agents work harder, and if the agent with median wealth is poorer than average, a politico-economic equilibrium will feature a subsidy to labor. Th...
متن کاملWORKING PAPERS A Dynamic Politico-Economic Model of Intergenerational Contracts
This paper proposes a dynamic politico-economic theory of intergenerational contracts, whose driving force is the intergenerational conflict over government spending. Embedding a repeated probabilistic voting setup in a standard OLG model with human capital accumulation, we find that the empowerment of elderly constituencies is key in order to enforce productive policies. The paper characterize...
متن کاملGV 507: Lectures on Political Competition and Welfare
1 The Economic Environment . . . . . . . . . . . . . . . . . . . . . . . . 3 2 Representative Democracy . . . . . . . . . . . . . . . . . . . . . . . . . 5 2.1 Policy Choice . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 2.2 Voting . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 2.3 Campaigning . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 2.4 Entr...
متن کاملEcole Polytechnique Centre National De La Recherche Scientifique Xenophobia and Distribution in France: a Politico-economic Analysis
We study the effect of anti-immigrant sentiments among voters on the equilibrium position of political parties on the economic issue. We model political competition as taking place among three parties (Left, Right, and Extreme Right) on a two-dimensional policy space (economic issue, immigration issue) using an extension of the Party Unanimity Nash Equilibrium concept. We "calibrate" the model ...
متن کاملEfficiency with Non-Convexities: Extending the “Scandinavian Consensus” Approaches
There are two distinct “Scandinavian consensus” approaches to public good supply, both based on agents’ willingness to pay. A Wicksell–Foley public competitive equilibrium arises from a negative consensus in which no change of public environment, together with associated taxes and subsidies which finance it, will be unanimously approved. Alternatively, in a Lindahl or valuation equilibrium, cha...
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