Miettinen, Topi (contributor); Poutvaara, Panu (contributor) - 2006
¤ of a citizen j reads10
X
i
p mjiP
�=1;:::;nB m�i
s¡
X
i
mjiri¡ c2(
X
i
mji)2:
The politician i’s maximization problem is … as follows
maxm
i1;:::;minB
f
X
j
mijri ¡ c2(
X
j
mij)2g
resulting in …rst order conditions
ri ¡c(
X
j
mij)=0
for j =1 … each politician has to citizens, miB, and maximizes
max
mj1;:::;mjnA
f
X
i
pmjim
iB
s¡
X
i
mjiri¡ c2(
X
i
mji)2g:
Thus, the …