A theory of political entrenchment

We develop a theory of endogenous political entrenchment in a simple two-party dynamic model of income redistribution with probabilistic voting. A partially self-interested left-wing party may implement (entrenchment) policies reducing the income of its own constituency, the lower class, in order to...

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Bibliographic details
Volume: 6473
Main Author: Saint-Paul, Gilles
Ticchi, Davide
Vindigni, Andrea
Format: Paper
Language: English
Place of publication: Bonn Institute for the Study of Labor (IZA) 2012
published in: Discussion Paper series, Forschungsinstitut zur Zukunft der Arbeit Vol. 6473
Data of publication: 2012
Subjects:
Online Access: Fulltext
Database: EconStor
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