Piguillem, Facundo; Riboni, Alessandro - Istituto Einaudi per l'Economia e la Finanza (EIEF) - 2012
In modern democracies, public policies are negotiated among elected policymakers. Yet, most macroeconomic models abstract from post-election negotiation. In order to understand the determinants of redistribution, this paper studies legislative bargaining in a growth model where individuals are...